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Rent vs Buy Calculator

Compare the costs of renting versus buying a home.

How to Use Rent vs Buy Calculator

This calculator compares the total cost of renting a property versus buying a property over a specified number of years.

  1. Enter Financial Information: Enter the monthly rent, home price, down payment, interest rate, property tax rate, home insurance rate, and annual maintenance cost.
  2. Enter Number of Years: Enter the number of years you want to compare the costs over.
  3. Calculate: Click the "Calculate" button to compute the total costs.
  4. View Result: The calculated total rent cost and total buy cost will be displayed.

Disclaimer: This calculator provides a simplified comparison and doesn't include all factors (e.g., tax deductions, appreciation). Consult with a financial advisor for personalized advice.