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Rent Vs. Buy Calculator

This calculator will help you to compare the costs of renting to the costs of buying a home. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment. This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Description Amount Instructions
Monthly rent ($):
Monthly rental insurance ($):
Expected annual inflation (%):
Purchase price ($):
Down payment ($):
Mortgage term (# of years):
Mortgage interest rate (%):
Discount points (%):
Origination fees (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance (%):
Monthly association dues ($):
Monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected annual home value appreciation (%):
Number of years you will stay at this property:
Agent commission rate (%):
Estimated cost of renting:
Estimated cost of buying:

This calculator and others on this site are provided without warranty regarding their accuracy or applicability to your individual circumstance. They are for your personal use and are not intended to replace professional financial advice.