Rent vs Buy Calculator
Compare the total cost of renting versus buying a home over a given time period.
Buying Scenario
Renting Scenario
Time Frame
Recommendation
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Total Cost of Buying
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Total Cost of Renting
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Savings
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Home Equity (after {0} yrs)
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Home Value (after {0} yrs)
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How to Use the Rent vs Buy Calculator
- Enter buying details: Home price, down payment, mortgage rate, and expected appreciation.
- Enter renting details: Monthly rent and expected annual rent increase.
- Set time frame: Choose the number of years for comparison.
- Compare: See total costs for both scenarios and which saves you more.
Frequently Asked Questions
Is buying always better than renting?
Not necessarily. Buying makes more sense for longer time horizons and in areas with strong appreciation. Renting can be better for short-term stays, high-cost markets, or when mobility is important.
What costs are included in buying?
This simplified calculator includes the down payment, monthly mortgage payments, and estimated property taxes and insurance. It credits back the home equity built over time. Actual costs may include closing costs, maintenance, HOA fees, and more.