Rent vs Buy Calculator
Compare the long-run costs of buying a home versus renting with adjustable assumptions.
The Basics
Home price (if buying)
Monthly rent (if renting)
How long will you stay? (years)
Mortgage Details
Mortgage rate (APR, %)
Down payment (%)
Mortgage length (years)
PMI rate (%/yr)
Advanced options
Home price growth (%/yr)
Rent growth (%/yr)
Investment return (%/yr)
Inflation (%/yr)
Taxes
How you file your taxes:
Individual return
Joint return
Property tax rate (% of home value)
Marginal tax rate (%)
Other itemized deductions ($/yr)
Capital gains tax rate (%)
Closing costs
Costs of buying home (% of price)
Costs of selling home (% of sale price)
Maintenance and fees
Maintenance/renovation (% of home value/yr)
Homeowner's insurance (% of home value/yr)
Extra monthly utilities ($)
Monthly common/HOA fees ($)
Common fees deductible (%)
Additional renting costs
Security deposit ($ first year)
Broker's fee (% of annual rent)
Renter's insurance ($ first year)
—
—
Buying breakdown
Renting breakdown