Rent vs. Buy Calculator

By using this calculator, you can effectively compare the expenses associated with renting a home versus those incurred when buying a property. Given that there are various supplementary factors to contemplate such as interest rates, property taxes, potential savings from taxation, asset appreciation, opportunity costs, closing expenses, selling expenditures, etc., the task of comparing the cost of renting with the cost of purchasing becomes quite complex. Nevertheless, this calculator strives to account for all of these elements in order to provide you with a comprehensive evaluation, enabling you to make a well-informed decision.

Help Buttons:To access detailed information about each of the input fields, simply click on the question mark icon located on the left side.

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? Monthly Rent: $

? Monthly Rental Insurance: $

?Expected Annual Inflation Rate (%):Projected Percentage for Expected Yearly Inflation Rate:

? Purchase Price of Home: $

? Down Payment Amount: $

?Mortgage Term Duration (in years): Mortgage Term Duration (in years):

?Mortgage's Annual Percentage Rate (%): Mortgage's Annual Percentage Rate (%):

?Discount Points on Home Purchase (%): Discount Points for Purchasing a Home (%):

? Origination Fees (%):

? Other Loan Costs: $

? Mortgage Insurance (PMI %):

? Homeowner's Insurance Rate (%):

? Monthly Association Dues: $

? Average Monthly Maintenance: $

? Annual Property Tax: $

?State & Federal Income Tax Rate (%): State & Federal Income Tax Rate (%):

?Expected interest rate on savings (%): Expected rate of return on savings (%):

?Expected Annual Home Price Appreciation (%): Expected Annual Home Price Appreciation (%):

?Years of Stay at this Property: Years of Stay at this Property:

? Real Estate Agent Commission Rate (%): Real Estate Agent Commission Rate (%):

Calculate Payment

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Results

Total projected rental expense: Total projected rental expense: $

Total Projected Purchase Cost: Total Anticipated Cost of Acquisition: Total Estimated Expense of Buying: $

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