Rent vs buy calculator
Rent vs Buy Calculator
Compare estimated renting costs with home buying costs over a selected time period.
How this rent vs buy calculator works
This calculator compares estimated rent payments with estimated home buying costs over time. It includes rent increases, down payment, mortgage payments, property taxes and homeowners insurance.
Renting costs
Renting costs are estimated using current monthly rent and an annual rent increase assumption. Actual rental costs may vary depending on lease terms, location and market changes.
Buying costs
Buying costs include down payment, estimated mortgage payments, property taxes and homeowners insurance. Other costs may also apply.
Renting vs buying decision
The best choice depends on your budget, local housing market, how long you plan to stay, maintenance costs, home appreciation and other financial factors.
Important limitations
This calculator does not include home appreciation, selling costs, repairs, maintenance, HOA fees, tax deductions, investment returns or opportunity cost. It is a simplified educational estimate.