PMI Calculator
Monthly mortgage insurance.
Open →Find your new rent and the monthly and annual cost of an increase.
| Monthly increase | — |
|---|---|
| Annual increase | — |
| Current rent | — |
| — |
A percentage rent increase multiplies your current rent by one plus that percent. A 5% increase on $1,500 rent adds $75 a month, bringing it to $1,575 — and $900 more over a year. Seeing the annual figure helps you weigh a renewal or a move.
Some cities cap annual increases through rent control or stabilization, and many leases limit mid-term hikes. If your landlord gives a new dollar amount instead of a percent, the percent increase is the difference divided by the old rent.
new rent = current rent × (1 + increase%)
Multiply your current rent by the increase percent to get the added amount, then add it to the rent. This calculator also shows the annual cost.
Annual increases often run about 3–5%, but it varies with the market. Some areas have rent control that caps the yearly amount.
During a lease, usually no. At renewal it depends on local law — rent-controlled areas cap increases, while many places allow any amount with proper notice.
Monthly mortgage insurance.
Open →Points break-even.
Open →Net cash at closing.
Open →ARM payment before and after reset.
Open →Same plain method, different figures.
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