Rent vs Buy Calculator

Learn more about available financing options from Dragas Mortgage

Still think renting is less expensive than owning? If you're paying rent on an apartment or condo in Hampton Roads, use this calculator to compare costs. You could own a beautiful new condominium in Chesapeake or Virginia Beach from Dragas for less than you're probably paying in rent.

Use our loan calculator to determine how a Dragas Home can fit into your budget.

	Current Rent:
	Purchase Price of Home:
	Percentage of Down Payment:
	Length of Loan Term (years):
	Interest Rate:
	Years You Plan to Stay in This Home:
	Yearly Property Tax Rate:
	Yearly Home Value Increase Rate:

Result Returned:	Rent	Buy
Price of Home After Appreciation:
Remaining Balance After Years:
Equity Earned:
Tax Savings (at 28%):
Avg. Monthly Payment Over Time:
Total Payment:
Total Savings On:

Note: The calculator above uses these items in its calculations: private mortgage insurance, homeowner's insurance cost, loan closing cost, cost of selling a home, property tax, homeowner's tax saving, and rent increases. Calculator results are estimates only.