Rent vs. Buy Calculator

Compare the total cost of buying a home against renting and investing the difference over the years you plan to stay.

Home price

Down payment (%)

Mortgage rate (%)

Mortgage term (years)

Annual property tax (% of price)

Annual maintenance & insurance (% of price)

Annual home appreciation (%)

Comparable monthly rent

Annual rent increase (%)

Annual return if invested instead (%)

Years you plan to stay

Net cost of buying$97,179

Net cost of renting$135,291

Buying looks cheaper by$38,112

Assumes 2% closing costs and 6% selling costs, and that your down payment would otherwise be invested at the return rate above.