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Rent vs Buy Calculator

Compare the financial impact of renting versus buying a home over time, including equity, tax benefits, and opportunity costs

Personal Finance

Calculator Mode

Advanced mode includes PMI, tax details, inflation & more

Basic Advanced

🏠 Home Purchase Details

Home Price ($) *

Down Payment ($) *

20% avoids PMI

Mortgage Interest Rate (%) *

Loan Term *

💰 Ownership Costs

Property Tax Rate (%)

Annual property tax as % of home value

Home Insurance ($/month)

HOA Fees ($/month)

Annual Maintenance (%)

Typically 1% of home value per year

🏢 Rental Details

Monthly Rent ($) *

Annual Rent Increase (%)

Renters Insurance ($/month)

📊 Analysis Settings

Analysis Period *

How long do you plan to stay?

Home Appreciation Rate (%)

Historical average: 3-4% annually

Investment Return Rate (%)

Return on invested down payment savings

Marginal Tax Rate (%)

For mortgage interest deduction

💵 Transaction Costs (Optional)

Closing Costs (%)

Typically 2-5% of home price

Selling Costs (%)

Agent commissions typically 5-6%

Rent vs Buy Calculator

🏠 Home Purchase Details

💰 Ownership Costs

🏢 Rental Details

📊 Analysis Settings

💵 Transaction Costs (Optional)

Error

Analysis Complete

Payment Breakdown Chart

Amortization Schedule

📊Comprehensive Analysis

No Analysis Data Yet