Rent vs Buy Calculator

Compare the total costs of renting versus buying a home over time to make an informed decision.

Buying Scenario

Home Price ($)

Down Payment (%)

Mortgage Interest Rate (%)

Loan Term (Years)

Property Tax Rate (% per year)

Home Insurance ($/year)

Maintenance (% of home value/year)

Home Appreciation Rate (%/year)

Renting Scenario

Monthly Rent ($)

Annual Rent Increase (%)

Renter Insurance ($/year)

Investment

Investment Return Rate (%/year)

Time Horizon (Years)

Results After - Years

Recommendation: -

Buying

Total Cost: $-

Home Equity: $-

Net Position: $-

Renting

Total Cost: $-

Investment Value: $-

Net Position: $-

Monthly Payment Comparison:

Monthly Mortgage Payment: $-

Monthly Rent (Year 1): $-

Difference: $-/month

Back to Real Estate

Home

Factors to Consider

Buying Advantages:
- Building equity over time
- Potential home appreciation
- Tax deductions (mortgage interest)
- Stability and control

Renting Advantages:
- Flexibility to move
- No maintenance responsibilities
- Lower upfront costs
- Can invest the difference

Break-Even Point:
Typically 3-7 years depending on market conditions. If staying less than this, renting often wins.

? Frequently Asked Questions

How accurate is this

This calculator uses standard formulas and provides accurate results for typical use cases. For professional or critical applications, always verify results with certified professionals or official sources.

Is this calculator free to use?

Yes, this Rent vs Buy Calculator is completely free to use with no registration required. You can use it as many times as needed without any limitations.

Can I use this on mobile devices?

Absolutely! This calculator is fully responsive and works perfectly on smartphones, tablets, and desktop computers.

How do I interpret the results?

The results are displayed clearly with appropriate units. Refer to the About This Calculator section for detailed information.