Rent vs. Buy Calculator

Compare the long-term costs of renting versus buying a home

Monthly Rent

Home Price

Down Payment (%)

Interest Rate (%)

Time Horizon (years to compare)

Advanced options

Annual Rent Increase (%)

Renter's Insurance ($/mo)

Loan Term

Property Tax Rate (% / yr)

Home Insurance ($/mo)

HOA Fees ($/mo)

Maintenance (% / yr)

Home Appreciation (% / yr)

Closing Costs (% of price)

Selling Costs (% at sale)

Investment Return (% / yr — opp. cost)

Total over 7 years

Monthly Rent (avg) $0

Renter's Insurance $0

Total Cost $0

Total over 7 years

Mortgage Payments (P&I) $0

Property Taxes $0

Home Insurance $0

HOA Fees $0

Maintenance $0

Closing Costs $0

Selling Costs $0

Opportunity Cost $0

Subtotal $0

Less: Equity Built −$0

Less: Home Appreciation −$0

Net Cost $0

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