Rent vs. Buy Calculator
A comprehensive analysis to help you decide.
Your Financials
Buying Costs
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Renting Costs
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Shared Assumptions
yrs
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Opportunity cost: return if you invested your down payment.
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As % of home price.
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Total one-time costs to buy (e.g., 3%) and sell (e.g., 5%).
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For mortgage interest & property tax deductions.
Analysis Summary
Net Cost Over Time
This chart shows your cumulative net cost. For buying, this is (total payments) - (home equity). For renting, it's (total rent) + (missed investment gains). Lower is better.
Detailed Breakdown
Buying Details (Initial)
- Down Payment: $0
- Loan Amount: $0
- P&I (Monthly): $0
- Total Monthly Cost: $0
- (P&I + Tax + Insurance + Maint. - Tax Savings)
Renting Details (Initial)
- Monthly Rent: $0
- Renter's Insurance: $0 / mo
- Total Monthly Cost: $0