Renting vs Buying Calculator

Rent vs. Buy Calculator

Compare the total cost of renting versus buying a home over time

Location Property tax rate: -%

How long do you plan to stay? (years) Typical timeframe: 5-10 years

Home Price ($)

Down Payment (%) Amount: $80,000

Mortgage Interest Rate (%)

Mortgage Term (years)

Monthly Rent ($)

Annual Rent Increase (%) Historical average: 3-4% per year

Monthly Renters Insurance ($)

Monthly HOA Fees ($) If applicable

Annual Home Insurance ($) Typical: 0.3-0.5% of home value

Annual Maintenance (%) Of home value, typical: 1-2%

Closing Costs ($) Typical: 2-5% of home price

Annual Home Appreciation (%) Historical average: 3-4% per year

Investment Return Rate (%) Opportunity cost of down payment

Selling Costs (%) Realtor fees, typical: 5-6%

Calculating...