Rent vs. Buy Calculator

Analysis Period

How many years do you plan to live in the home?

Please enter a valid analysis period (1-30 years).

Renting Details

Current Monthly Rent

Please enter a valid monthly rent.

Annual Rent Increase (%)

Monthly Renter's Insurance

Annual Investment Return on Savings (%)

(What you could earn by investing your down payment/closing costs)

Buying Details

Home Purchase Price

Please enter a valid purchase price.

Down Payment Percentage

Please enter a valid down payment percentage.

Annual Interest Rate (%)

Please enter a valid interest rate.

Loan Term (Years)

Please select a loan term.

Closing Costs (% of Purchase Price)

Annual Property Taxes (% of Purchase Price)

Annual Home Insurance

Annual Maintenance Costs (% of Purchase Price)

Annual Home Value Appreciation (%)

Selling Costs (% of Appreciated Value, if selling)

Rent vs. Buy Comparison Over 0 Years

Total Cost of Renting

Total Cost of Buying

Net Financial Advantage (Buy vs. Rent)

Break-Even Point

N/A

Detailed Breakdown: Buying

Initial Cash Outlay (Down Payment + Closing): $0

Total Mortgage Payments (P&I): $0

Total Property Taxes: $0

Total Home Insurance: $0

Total Maintenance Costs: $0

Total Interest Paid: $0

Estimated Home Value at Sale: $0

Remaining Loan Balance at Sale: $0

Net Proceeds from Sale (after selling costs): $0

Detailed Breakdown: Renting

Total Rent Paid: $0

Total Renter's Insurance: $0

Opportunity Cost of Initial Cash (Investment Earnings): $0

Total Renting Costs (excluding opportunity cost): $0

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Deciding Between Renting and Buying?

Enter your financial details to see which option makes more sense for you over time.