Rent vs. Buy Calculator

Compare the true cost of renting versus buying a home over time

Home Price ($)

Down Payment (%)

Mortgage Rate (% APR)

Monthly Rent ($)

Annual Rent Increase (%)

Home Appreciation (%/yr)

Time Horizon (Years)

About

Buy costs include: mortgage, property tax (1.2%), maintenance (1%), insurance (0.5%), closing costs (3%), selling fees (6%). Rent costs include: rent payments, minus returns on invested down payment (7% assumed). The real answer depends heavily on your local market, time horizon, and investment discipline.