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Rent vs Buy Calculator
Compare the costs of renting versus buying a home.
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.
- Enter Financial Information: Enter the monthly rent, home price, down payment, interest rate, property tax rate, home insurance rate, and annual maintenance cost.
- Enter Number of Years: Enter the number of years you want to compare the costs over.
- Calculate: Click the "Calculate" button to compute the total costs.
- 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.