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Rent Vs Buy Calculator

Free Rent Vs Buy Calculator with instant browser-based results and a clear calculation breakdown.

Rent vs Buy Calculator

Compare the total cost of renting versus buying a home over a specified time period. This calculator considers purchase price, down payment, mortgage rates, property taxes, maintenance, and opportunity costs.

Home Purchase Price ($)

Please enter a valid price

Down Payment (%)

Please enter a percentage between 0 and 100

Mortgage Interest Rate (% per year)

Please enter a rate between 0 and 20

Loan Term (years)

Please enter a term between 1 and 50 years

Annual Property Tax Rate (%)

Please enter a rate between 0 and 10

Annual Maintenance Cost (% of home value)

Please enter a rate between 0 and 10

Expected Home Appreciation (% per year)

Please enter a rate between -10 and 20

Monthly Rent ($)

Please enter a valid rent amount

Annual Rent Increase (%)

Please enter a rate between 0 and 20

Investment Return on Savings (% per year)

Please enter a rate between 0 and 20

Time Horizon (years)

Please enter a period between 1 and 50 years

Total Cost of Buying:

Home Equity Built:

Net Cost of Buying:

Total Rent Paid:

Investment Growth:

Net Cost of Renting:

Difference:

Disclaimer: This calculator provides estimates for educational purposes only. Actual costs may vary based on market conditions, individual circumstances, closing costs, HOA fees, insurance, tax deductions, and other factors not included in this simplified model. Consult with financial and real estate professionals before making housing decisions.

Want to understand the calculation?

See examples, formula notes and limitations.

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