Rent vs. Buy Calculator

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It's the age-old financial question: Is it better to rent or buy a home? The answer isn't always simple. This calculator goes beyond just comparing a mortgage payment to rent, factoring in things like appreciation, maintenance costs, and investment returns to help you make a more informed decision for your long-term financial health.

Buying Costs

Home Price

Down Payment (%)

Closing Costs ($)

Interest Rate (%)

Property Tax Rate (%)

Home Insurance ($/year)

Maintenance (%/year)

Renting Costs

Monthly Rent

Renter's Insurance ($/year)

Assumptions

Home Appreciation (%/year)

Rent Increase (%/year)

Investment Return (%/year)

Comparison Timeframe

How long do you plan to stay?7 years

The Verdict

After 7 years...

Buying is better by

$86,825

Financial Breakdown

A summary of your financial position after 7 years.

Metric	Buying	Renting
Total Costs Paid	$247,000	$196,808
Future Home Value	$562,840	-
Home Equity	$273,508	-
Value of Investments	-	$136,491
Net Worth	$26,508	-$60,317