Rent vs Buy Calculator


Are you unsure if it makes more sense to purchase a home or keep renting and invest your savings in other asset classes? Use this calculator to get a detailed estimate of which choice would be better from an economic perspective. Once you have completed your calculation you can click the PRINTABLE REPORT button to generate a detailed side-by-side comparison.

Rental Info

Monthly rent ($):
Expected annual rent inflation rate (%):
Monthly rental insurance ($):

Mortgage Basics

Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (years):
Mortgage's annual interest rate (APR %):
Mortgage Insurance (PMI %):

Closing Costs

Discount points on purchase of home (%):
Origination fees (%):
Other loan costs ($):

Homeownership Costs

Annual homeowner's insurance ($):
Monthly association dues ($):
Average monthly maintenance ($):
Annual property tax ($):

Home Appreciation

Number of years you will stay at this property:
Expected percentage your home will appreciate by each year (%):

Opportunity & Real Estate Transaction Costs

Annual return if money invested in a different asset (APY %):
Realtor commission rate (%):

Should You Rent or Buy?

Total estimated cost of renting:
Total estimated cost of buying:

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