Rent vs Buy Calculator
Compare renting vs buying a home instantly. Determine which option is more financially beneficial based on your situation. Essential tool for homebuyers and renters.
Rent vs Buy Comparison
How to Use the Rent vs Buy Calculator
- Enter your monthly rent amount
- Enter the home purchase price
- Enter down payment and mortgage details
- Enter property expenses (taxes, insurance, maintenance)
- Set expected appreciation rate and holding period
- Click "Compare Rent vs Buy" to see results
Why Use Our Rent vs Buy Calculator?
- ✓ Compare total costs of renting vs buying
- ✓ Account for property appreciation
- ✓ Include all homeownership expenses
- ✓ Get personalized recommendation
- ✓ Instant results - no signup required
- ✓ Free to use - calculate as many scenarios as needed
Frequently Asked Questions
Should I rent or buy?
The decision depends on your financial situation, location, and plans. Generally, buying makes sense if you plan to stay 5+ years, have stable income, and can afford the down payment and ongoing costs. Renting may be better if you're mobile or in a high-cost area.
What costs are included in buying?
Buying costs include down payment, mortgage payments, property taxes, insurance, maintenance, and closing costs. The calculator accounts for these expenses and compares them to total rent costs.