Buy vs. Rent Calculator

Name: Buy vs. Rent Calculator
Rating: 4 (3 reviews)
Author: Evan Winograd

Finance

Free · Designed for iPad

3 Ratings
Ages

4+
Years
Category

Finance
Developer

Evan Winograd
Language

EN
English
Size

26.8
MB

Instantly and easily see how much you can afford, whether it's better to buy or rent, and by how much. We also help you understand how different mortgages and taxes will affect your purchase.

Ratings & Reviews

4.0

out of 5

3 Ratings

Did what I needed
06/17/2020

BYU427
This app is pretty great and was quick and easy to use. Only suggestions are to allow decimals in the percentages (like interest and down payment) and to add a section asking if you rent would you invest the money you otherwise would have used for a down payment and what interest rate you would expect it to earn while renting. For example, if you were going to invest the down payment at 8% while you rent, that could be fairly significant depending on how much rent will be. I just did this calculation on the side, no big deal. Be sure to add HOA fees, rental pet fees, rental insurance vs. home owners insurance, landscape fees if landlord requires you to manage the lawn, etc. into the rent/annual expenses area as appropriate. The final calculations in the app are easy to read and use. All in all this is a great app and told me what I needed to know! Thanks so much!
Did what I needed
06/17/2020

BYU427

This app is pretty great and was quick and easy to use. Only suggestions are to allow decimals in the percentages (like interest and down payment) and to add a section asking if you rent would you invest the money you otherwise would have used for a down payment and what interest rate you would expect it to earn while renting. For example, if you were going to invest the down payment at 8% while you rent, that could be fairly significant depending on how much rent will be. I just did this calculation on the side, no big deal. Be sure to add HOA fees, rental pet fees, rental insurance vs. home owners insurance, landscape fees if landlord requires you to manage the lawn, etc. into the rent/annual expenses area as appropriate. The final calculations in the app are easy to read and use. All in all this is a great app and told me what I needed to know! Thanks so much!