Rent vs. Buy Calculator

5
(263)

Compare the total costs of renting versus buying a home over time to find out which makes more financial sense for you.

Purchase Details
Future Assumptions
Annual home value growth.

Rent vs. Buy Analysis

Financial Breakeven Point
Calculating…
Net Cost of Buying
$0
Net Cost of Renting
$0
Initial Buying Costs (Down Pmt + Closing) $0
Estimated Monthly Mortgage (P&I) $0
Home Value at End of Year 0 $0

How this is calculated: Net Cost of Buying includes your down payment, 3% closing costs, mortgage payments, taxes (1.2%), and maintenance (1%), minus the proceeds from selling the home at a 6% fee. Net Cost of Renting includes rent growing at 3% yearly, minus the investment returns (6%) you would have made by investing the upfront buying costs instead.

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Disclaimer: We make every effort to ensure the accuracy of our calculator tools, but the results are estimates and should not be considered financial, tax, legal, or investment advice. We are not responsible for any losses or damages resulting from the use of these calculators. Please consult a qualified professional before making financial decisions.