Rent vs Buy Calculator
Compare the total costs of renting vs buying a home
Buying Details
Enter home purchase information
Renting & Timeline
Enter rental and planning details
About Rent vs Buy Analysis
The rent vs buy decision depends on many factors including financial situation, lifestyle preferences, local market conditions, and long-term plans. This calculator compares the total costs of each option over your planned timeframe.
Benefits of Buying:
- Build equity and long-term wealth
- Fixed monthly payments (with fixed-rate mortgage)
- Tax deductions on mortgage interest and property taxes
- Freedom to customize and improve property
- Potential appreciation in home value
Benefits of Renting:
- Lower upfront costs (no down payment or closing costs)
- More flexibility to relocate for opportunities
- No responsibility for maintenance and repairs
- Predictable monthly expenses
- Can invest savings in other assets