Use this rent vs buy calculator to compare the true cost of renting versus buying a home. See monthly payments, long-term savings, and decide which option makes more financial sense based on your situation.
Rent vs Buy Calculator
Your How This Rent vs Buy Calculator Works
This calculator compares your estimated yearly rent cost with the estimated yearly mortgage payment based on home price, interest rate, and loan term. It provides a simple way to evaluate whether renting or buying may be more cost-effective.
Rent vs Buy Example
If your monthly rent is $2,000, your annual rent cost is $24,000. If your estimated yearly mortgage payment is $20,500, buying may save you money long-term depending on taxes, maintenance, and market appreciation.
Rent vs Buy Calculator FAQs
Is renting ever better than buying?
Yes. Renting may be better if you plan to move soon, want flexibility, or are not ready for maintenance and upfront costs.
Does this calculator include taxes and maintenance?
No. This calculator provides an estimate and does not include property taxes, insurance, maintenance, or HOA fees.
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Already own a home? Use our Home Seller Net Proceeds Calculator to estimate how much you could walk away with.