Rent vs Buy Calculator

Compare the financial implications of renting versus buying a home

Input Details

Renting

Buying

Monthly Rent ($) ? Enter the monthly rent amount you would pay

Annual Rent Increase (%) ? Expected annual percentage increase in rent

Time Period (Years) ? Number of years you plan to rent/buy

Home Price ($) ? Total purchase price of the home

Down Payment ($) ? Initial payment made when purchasing the home

Mortgage Interest Rate (%) ? Annual interest rate for your mortgage

Loan Term (Years) ? Duration of your mortgage

Annual Property Tax ($) ? Estimated yearly property tax

Annual Home Insurance ($) ? Estimated yearly home insurance cost

Annual Maintenance ($) ? Estimated yearly maintenance costs

Home Appreciation (% per year) ? Expected annual appreciation of home value

Closing Costs ($) ? One-time fees when purchasing the home

Results

Total Cost of Renting

$0

Total Cost of Buying

$0

Net Cost Difference

$0

Home Equity After Period

$0

Renting

Buying

Recommendation

Enter your details to see whether renting or buying makes more financial sense for you.