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Chicago Bancorp Home

Rent vs. Buy Calculator

...understand exactly what you can afford.

Compare your current rent payment to the costs of purchasing a new home. Often the after tax savings payments makes owning a home the best choice. Click here to perform your own analysis.

Enter the Listing Price:
Enter the Est. Monthly Assessments:
Enter the Est. Monthly Insurance:
Enter the Interest Rate: %
Enter the Down Payment Percentage:
Select the Loan Type:

Loan Amount:
Down Payment Amount:
Est. Monthly Property Tax:
BUY
Monthly P&I:
Total Monthly Payment:
Total Monthly Tax Benefit:
Annual Tax Benefit:
Gross Annual Income Required:
RENT
Total Monthly Payment:
Annual Tax Benefit:
Equivalent Rent:
(monthly payment minus tax benifit)

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Chicago Bancorp
Illinois Residential Mortgage Licensee: License #: 4543
300 N. Elizabeth Street
Chicago, IL 60607
Telephone: 312-738-8500
Fax: 312-738-6001