Rent vs Buy Calculator

Decide whether to rent or buy a home.

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Rent vs Buy Calculator

Compare total cost of renting vs buying over a number of years.

Years to compare

Renting

Monthly rent ($)

Buying

Home price ($)

Down payment ($)

Interest rate (%)

Loan term (years)

Property tax per year ($)

Insurance per year ($)

Maintenance per year ($)

Rent total (7 years)

$1,68,000

Buy total (7 years)

$2,70,462

Down + mortgage + tax/ins/maintenance

Over 7 years

Renting is $1,02,462 cheaper (out-of-pocket).

Does not include home appreciation, closing costs, or tax deductions.

What is it?

A rent vs buy calculator compares the long-term costs of renting versus buying a home. It factors in rent, home price, mortgage rate, down payment, and other costs.

How it works

Enter your rent, potential home price, mortgage details, and holding period. The calculator estimates total cost of each option to help you decide what makes sense for you.

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