Rent vs Buy Calculator

Compare the true cost of renting versus buying a home. Make an informed decision based on your unique financial situation.

Buying Details

Home Price

Down Payment: 20.00% ($80,000)

Interest Rate

Loan Term

Property Tax Rate

Insurance (Annual)

HOA (Monthly)

Maintenance %

Home Appreciation: 3.00%/year

Considering an investment property? Check our ROI Calculator

Monthly Rent

Annual Rent Increase

Renter's Insurance

Investment Return Rate: 7.00%

Expected return if you invest the down payment instead

Time Horizon: 7 years

Marginal Tax Rate: 24.00%

For calculating mortgage interest tax deduction

Rent

Save $11,167

Monthly to Buy

$2,847.62

Monthly to Rent

$2,225.00

4 Years

Buying becomes better after 4 years

Buying$95,167

Renting$83,999

Total Payments$331,200

Home Equity Built-$202,618

Tax Savings-$33,416

Net Cost$95,167

Total Rent Paid$204,389

Investment Gains-$120,390

Net Cost$83,999

Use our other calculators to dive deeper into your investment analysis.