Rent vs Buy Calculator

Compare the financial impact of renting versus buying a home over time

Purchase Details

The purchase price of the home
Percentage of home price
Annual mortgage interest rate
Percentage of home price
Percentage of final home value

Ongoing Ownership Costs

Annual percentage of home value
Annual increase rate
Annual percentage of home value
Monthly fee
Annual percentage of home value
Annual percentage increase
Annual increase of insurance and maintenance costs
Annual return on investments
Your income tax bracket
Annual inflation rate
Multiplier for opportunity cost

Rental Details

Your current or expected monthly rent
Expected yearly rent increase
Monthly insurance cost
Any additional monthly costs related to renting

Analysis Parameters

Length of time for comparison
Factor in saved down payment when renting
Savings available at the start (if not using for down payment)
Extra amount saved each month (applies to both scenarios)