Buy or Rent Calculator

Find out whether buying or renting is better for your financial situation

Home Price ($)

Down Payment (%)

Mortgage Rate (%)

Loan Term (years)

Property Tax (%/yr)

Insurance ($/yr)

Maintenance (%/yr)

Home Appreciation (%/yr)

Monthly Rent ($)

Annual Rent Increase (%)

Investment Return Rate (%/yr)

How long will you stay? (years)

Renting wins!

Over 7 years, you save ~$119,387 by renting

Monthly Cost (Buy)

$2,536

Monthly Cost (Rent)

$2,000

Home Value at End

$430,456

Down Payment

$70,000