Rent vs buy calculator

Home Purchase

Home Price ($)

Down Payment (%)

Interest Rate (%)

Loan Term (Years)

Buying Closing Costs (%)

Property Tax (%) per year

Property Tax Increase (%) per year

Home Insurance ($ / year)

HOA Fee ($ / year)

Maintenance Cost (%) per year

Home Value Appreciation (%) per year

Cost/Insurance Increase (%) per year

Selling Closing Costs (%)

Home Rent

Monthly Rental Fee ($)

Rental Fee Increase (%) per year

Renter's Insurance ($ / month)

Security Deposit ($)

Upfront Cost ($)

Your Information

Average Investment Return (%)

Marginal Federal Tax Rate (%)

Marginal State Tax Rate (%)

Tax Filing Status

Other Calculators

Description

🏡 Rent vs Buy Calculator – Make the Smarter Housing Decision

The Rent vs Buy Calculator helps you determine whether renting or buying a home is the better financial choice based on your personal circumstances. It considers costs like mortgage payments, rent, property taxes, maintenance, and investment growth to give you a clear picture of which option may save more money or build more wealth in the long run.

📘 What It Calculates:

✅ Total cost of renting vs buying over a specific period
✅ Impact of down payments, mortgage interest, and property taxes
✅ Potential wealth accumulation if you invest the difference between rent and mortgage
✅ Break-even point: when buying becomes cheaper than renting

💡 Key Features:

🏠 Compare renting and buying costs side by side
💵 Factor in mortgage rates, rent escalation, and inflation
📊 Visualize long-term financial impact of each option
🛠️ Useful for first-time homebuyers and financial planning

👤 Who Should Use This:

Individuals deciding whether to rent or purchase a home
Families planning long-term housing and investment strategy
Financial planners helping clients make housing decisions
Anyone evaluating homeownership vs renting

✅ Pro Tip:

Buying a home isn’t always cheaper than renting—consider mortgage rates, property taxes, maintenance costs, and opportunity cost of capital. Use this calculator to make a data-driven housing decision.

🔗 Related Tools You May Like:

🏦 Mortgage Calculator – Estimate monthly mortgage payments
💵 Investment Calculator – See how extra savings could grow if invested

A tool that compares the total cost of renting versus buying a home to help you make a financial decision.

Anyone planning to move into a home, first-time buyers, or people considering renting vs owning.

Home price, rent amount, mortgage rate, loan tenure, down payment, property tax, and maintenance costs.

Yes, it can include potential returns if you invest the money you save by renting instead of buying.

Rent Vs Buy Calculator