Lease Renewal Cost Calculator

ANALife Services AuthorityNational Calculator Authority›Lease Renewal Cost Calculator

.calc-container { max-width: 640px; margin: 2rem 0; padding: 1.5rem; background: #fff; border: 1px solid #ddd; border-radius: 8px; box-shadow: 0 1px 3px rgba(0,0,0,0.06); font-family: system-ui, -apple-system, sans-serif; } .calc-container h3 { font-family: Georgia, serif; font-size: 1.15rem; color: #1a1a1a; margin-bottom: 1rem; padding-bottom: 0.5rem; border-bottom: 2px solid var(--ac, #3d5a80); } .calc-row { display: flex; align-items: center; gap: 0.75rem; margin-bottom: 0.75rem; flex-wrap: wrap; } .calc-row label { min-width: 160px; font-size: 0.9rem; color: #333; font-weight: 500; } .calc-row input[type="number"], .calc-row select { flex: 1; min-width: 120px; max-width: 200px; padding: 0.5rem 0.6rem; border: 1px solid #ccc; border-radius: 4px; font-size: 0.9rem; font-family: system-ui, sans-serif; color: #1a1a1a; background: #fafaf8; } .calc-row input:focus, .calc-row select:focus { outline: none; border-color: var(--ac, #3d5a80); box-shadow: 0 0 0 2px rgba(26,74,138,0.12); } .calc-row .unit { font-size: 0.82rem; color: #888; min-width: 30px; } .calc-btn { display: inline-block; margin-top: 0.5rem; padding: 0.55rem 1.5rem; background: var(--ac, #3d5a80); color: #fff; border: none; border-radius: 4px; font-size: 0.9rem; font-weight: 600; cursor: pointer; font-family: system-ui, sans-serif; } .calc-btn:hover { opacity: 0.9; } .calc-result { margin-top: 1.25rem; padding: 1rem 1.25rem; background: #f0f6fc; border-left: 3px solid var(--ac, #3d5a80); border-radius: 0 6px 6px 0; display: none; } .calc-result.visible { display: block; } .calc-result-label { font-size: 0.78rem; text-transform: uppercase; letter-spacing: 0.06em; color: #666; margin-bottom: 0.25rem; } .calc-result-value { font-size: 1.6rem; font-weight: 700; color: var(--ac, #3d5a80); } .calc-result-detail { font-size: 0.85rem; color: #555; margin-top: 0.5rem; line-height: 1.5; } .calc-note { margin-top: 1rem; font-size: 0.8rem; color: #888; font-style: italic; } .calc-grid { display: grid; grid-template-columns: 1fr 1fr; gap: 0.75rem; margin-top: 0.75rem; } .calc-grid-item { padding: 0.6rem 0.8rem; background: #f8f9fa; border-radius: 4px; border: 1px solid #eee; } .calc-grid-item .label { font-size: 0.75rem; color: #888; text-transform: uppercase; letter-spacing: 0.04em; } .calc-grid-item .value { font-size: 1.1rem; font-weight: 600; color: #1a1a1a; } @media (max-width: 720px) { .calc-row { flex-direction: column; align-items: flex-start; gap: 0.3rem; } .calc-row label { min-width: auto; } .calc-row input[type="number"], .calc-row select { max-width: 100%; width: 100%; } .calc-grid { grid-template-columns: 1fr; } } .calc-chart { margin: 1rem 0; text-align: center; } .calc-chart svg { max-width: 100%; height: auto; } .calc-chart-legend { display: flex; flex-wrap: wrap; justify-content: center; gap: 0.6rem 1.2rem; margin-top: 0.6rem; font-size: 0.8rem; color: #555; } .calc-chart-legend span { display: inline-flex; align-items: center; gap: 0.3rem; } .calc-chart-legend i { display: inline-block; width: 10px; height: 10px; border-radius: 2px; font-style: normal; } .calc-related { max-width: 640px; margin: 2rem 0 1rem; padding: 1.25rem 1.5rem; background: #f8f9fa; border: 1px solid #e8e8e8; border-radius: 8px; } .calc-related h3 { font-family: Georgia, serif; font-size: 1rem; color: #1a1a1a; margin: 0 0 0.75rem; padding-bottom: 0.4rem; border-bottom: 2px solid var(--ac, #3d5a80); } .calc-related-list { list-style: none; padding: 0; margin: 0 0 0.75rem; display: grid; grid-template-columns: 1fr 1fr; gap: 0.4rem 1.5rem; } .calc-related-list li a { font-size: 0.88rem; color: var(--ac, #3d5a80); text-decoration: none; } .calc-related-list li a:hover { text-decoration: underline; } .calc-browse-all { margin: 0.5rem 0 0; font-size: 0.9rem; font-weight: 600; } .calc-browse-all a { color: var(--ac, #3d5a80); text-decoration: none; } .calc-browse-all a:hover { text-decoration: underline; } @media (max-width: 720px) { .calc-related-list { grid-template-columns: 1fr; } }

Lease Renewal Cost Calculator

Estimate the total cost of renewing your lease versus moving, including rent increases, renewal fees, and associated expenses.

Current Monthly Rent ($)

Rent Increase (%)

New Lease Term (months)

Lease Renewal Fee ($)

Additional Security Deposit ($)

Pet Fee / Other Annual Fees ($)

Moving Alternative (optional comparison)

New Place Monthly Rent ($)

Moving Cost ($)

New Security Deposit ($)

Current Deposit Returned ($)

Calculate

function leaCalc() { var resultDiv = document.getElementById('lea-result'); resultDiv.style.display = 'none';

var currentRent = parseFloat(document.getElementById('lea-current-rent').value); var rentIncreasePct = parseFloat(document.getElementById('lea-rent-increase').value); var leaseTerm = parseFloat(document.getElementById('lea-lease-term').value); var renewalFee = parseFloat(document.getElementById('lea-renewal-fee').value) || 0; var extraDeposit = parseFloat(document.getElementById('lea-security-deposit-extra').value) || 0; var petFee = parseFloat(document.getElementById('lea-pet-fee').value) || 0;

var newRent = parseFloat(document.getElementById('lea-new-rent').value) || 0; var movingCost = parseFloat(document.getElementById('lea-moving-cost').value) || 0; var newDeposit = parseFloat(document.getElementById('lea-new-deposit').value) || 0; var depositReturned = parseFloat(document.getElementById('lea-deposit-returned').value) || 0;

// Validation if (isNaN(currentRent) || currentRent ⚠ Please enter a valid current monthly rent.'; resultDiv.style.display = 'block'; return; } if (isNaN(rentIncreasePct) || rentIncreasePct ⚠ Please enter a valid rent increase percentage (0 or more).'; resultDiv.style.display = 'block'; return; } if (isNaN(leaseTerm) || leaseTerm ⚠ Please enter a valid lease term (at least 1 month).'; resultDiv.style.display = 'block'; return; }

// ── Renewal Calculations ────────────────────────────────────────────────── // New monthly rent after increase var newMonthlyRent = currentRent * (1 + rentIncreasePct / 100);

// Total rent paid over the new lease term var totalRentRenewal = newMonthlyRent * leaseTerm;

// Monthly increase amount var monthlyIncrease = newMonthlyRent - currentRent;

// Total extra rent paid due to increase over term var totalExtraRent = monthlyIncrease * leaseTerm;

// Upfront renewal costs (fees + extra deposit) var upfrontRenewalCost = renewalFee + extraDeposit;

// Total cost of renewal = total rent + upfront fees + annual fees prorated var petFeeProrated = petFee * (leaseTerm / 12); var totalRenewalCost = totalRentRenewal + upfrontRenewalCost + petFeeProrated;

// ── Moving Calculations (if provided) ───────────────────────────────────── var hasMovingData = (newRent > 0); var totalMovingCost = 0; var totalRentMove = 0; var upfrontMoveCost = 0; var netSavings = 0; var recommendation = '';

if (hasMovingData) { totalRentMove = newRent * leaseTerm; upfrontMoveCost = movingCost + newDeposit - depositReturned; totalMovingCost = totalRentMove + upfrontMoveCost; netSavings = totalMovingCost - totalRenewalCost;

if (netSavings > 0) { recommendation = '✓ Renewing saves you $' + fmt(Math.abs(netSavings)) + ' over ' + leaseTerm + ' months compared to moving.'; } else if (netSavings ⚠ Moving saves you $' + fmt(Math.abs(netSavings)) + ' over ' + leaseTerm + ' months compared to renewing.'; } else { recommendation = 'Both options cost the same over ' + leaseTerm + ' months.'; } }

// ── Output ──────────────────────────────────────────────────────────────── var html = '### Lease Renewal Summary '; html += ''; html += row2('Current Monthly Rent', '$' + fmt(currentRent)); html += row2('New Monthly Rent (after ' + rentIncreasePct + '% increase)', '$' + fmt(newMonthlyRent) + ''); html += row2('Monthly Rent Increase', '$' + fmt(monthlyIncrease)); html += row2('Lease Term', leaseTerm + ' months'); html += row2('Total Rent Over Term', '$' + fmt(totalRentRenewal)); html += row2('Extra Rent Due to Increase', '$' + fmt(totalExtraRent)); html += row2('Renewal Fee', '$' + fmt(renewalFee)); html += row2('Additional Security Deposit', '$' + fmt(extraDeposit)); html += row2('Pet / Other Fees (prorated)', '$' + fmt(petFeeProrated)); html += row2('Total Renewal Cost', '$' + fmt(totalRenewalCost) + ''); html += '';

if (hasMovingData) { html += '### Moving Alternative Summary '; html += ''; html += row2('New Place Monthly Rent', '$' + fmt(newRent)); html += row2('Total Rent Over Term', '$' + fmt(totalRentMove)); html += row2('Moving Cost', '$' + fmt(movingCost)); html += row2('New Security Deposit', '$' + fmt(newDeposit)); html += row2('Current Deposit Returned', '-$' + fmt(depositReturned)); html += row2('Net Upfront Moving Cost', '$' + fmt(upfrontMoveCost)); html += row2('Total Moving Cost', '$' + fmt(totalMovingCost) + ''); html += ''; html += '' + recommendation + ''; }

resultDiv.innerHTML = html; resultDiv.style.display = 'block'; }

function fmt(n) { return n.toLocaleString('en-US', {minimumFractionDigits: 2, maximumFractionDigits: 2}); }

function row2(label, value) { return '' + '' + label + '' + '' + value + ''; }

#### Formulas Used

New Monthly Rent = Current Rent × (1 + Rent Increase % ÷ 100)

Total Rent (Renewal) = New Monthly Rent × Lease Term

Extra Rent Due to Increase = (New Monthly Rent − Current Rent) × Lease Term

Pet/Other Fees (prorated) = Annual Fees × (Lease Term ÷ 12)

Total Renewal Cost = Total Rent + Renewal Fee + Additional Deposit + Prorated Fees

Net Upfront Moving Cost = Moving Cost + New Deposit − Deposit Returned

Total Moving Cost = (New Monthly Rent × Lease Term) + Net Upfront Moving Cost

Net Savings (Renewing vs Moving) = Total Moving Cost − Total Renewal Cost

#### Assumptions & References

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