Lifestyle

Rent vs Buy Calculator

Should you rent or buy? This calculator helps you compare the total cost of renting versus buying a home over time, so you can make an informed decision that fits your financial situation.

Buying a Home

Enter the home price, down payment, and mortgage details.

These are example values. Update them to reflect your personal situation.

$
$50,000$10,000,000
$
$0$10,000,000
%
years

Renting

Enter your current or expected monthly rent and how much it may increase each year.

$
$500$100,000
%

Should you rent or buy? This calculator helps you compare the total cost of renting versus buying a home over time, so you can make an informed decision that fits your financial situation.

Your Rent vs. Buy Comparison

Based on a 30-year comparison period.

Buying Costs Less

$0

comparison text
home Buy a Home
Loan Amount
$0
Monthly Payment
$0
Total Payments (30 Years)
$0
Total Payments (5 Years)
$0
apartment Rent a Home
Starting Monthly Rent
$0
Final Year Monthly Rent
$0
Total Rent Paid (30 Years)
$0
Total Rent Paid (5 Years)
$0

Cumulative Cost Over Time

The Mortgage Interest Rate and Annual Rent Increase are both hypothetical examples used for illustrative purposes only. They do not represent any specific mortgage rate or any renting market. Actual returns will fluctuate. The illustration does not take into account property tax, insurance, maintenance, or other costs.

 

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