Rent vs Buy Calculator

Find out which is the smarter financial choice for you

🏢 Renting

Monthly Rent ($)Annual Rent Increase (%)Renters Insurance ($/mo)

🏠 Buying

Home Price ($)Down Payment (%)Mortgage Rate (%)Property Tax (%/yr)Home Insurance ($/mo)HOA ($/mo)Maintenance (%/yr)

Years StayingInvestment Return (%)Home Appreciation (%/yr)

Buying wins

by $89,286 over 7 years

Break-even: Year 1

$234,042

Total Cost Renting (7 yrs)

$144,755

Total Cost Buying (7 yrs)

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For educational purposes only. Not financial advice. Many factors affect the rent vs buy decision beyond financial costs. Consult a real estate professional.