Rent vs. Buy Calculator

Compare the total cost of renting versus buying a home over your expected time horizon. Make an informed decision based on your financial situation.

Home Purchase Details

Home Price

Down Payment

20.0% of home price

Interest Rate (%)

Loan Term (Years)

Closing Costs

Monthly Rent

Property Tax (Annual)

Home Insurance (Annual)

Maintenance (Annual)

HOA Fees (Annual)

Home Appreciation (%)

Rent Increase (%)

Time Horizon (Years)

Investment Return (%)

Return on down payment if invested

Consider your emergency fund, debt levels, and stable income before buying.

Buying typically makes more sense if you plan to stay 5+ years in the same area.

Consider maintenance responsibilities, flexibility needs, and desire for customization.