Lifestyle

Rent vs. Buy Calculator

Should you rent or buy? This calculator helps you compare the total cost of renting versus buying a home over time, so you can make an informed decision that fits your financial situation.

Buying a Home

Enter the home price, down payment, and mortgage details.

These are example values. Update them to reflect your personal situation.

$
$50,000$10,000,000
$
$0$10,000,000
%
years

Renting

Enter your current or expected monthly rent and how much it may increase each year.

$
$500$100,000
%

Should you rent or buy? This calculator helps you compare the total cost of renting versus buying a home over time, so you can make an informed decision that fits your financial situation.

Your Rent vs. Buy Comparison

Based on a 30-year comparison period.

Buying Costs Less

$0

comparison text
home Buy a Home
Loan Amount
$0
Monthly Payment
$0
Total Payments (30 Years)
$0
Total Payments (5 Years)
$0
apartment Rent a Home
Starting Monthly Rent
$0
Final Year Monthly Rent
$0
Total Rent Paid (30 Years)
$0
Total Rent Paid (5 Years)
$0

Cumulative Cost Over Time

This comparison shows total mortgage payments versus total rent paid over the same period. It does not include home appreciation, property taxes, insurance, maintenance, investment returns, or other costs. When buying, you build equity and own the home. When renting, you have flexibility but no ownership. Estimates only — not financial advice.

 

Related Content

Retirement Traps to Avoid

Retirement Traps to Avoid

Beware of these traps that could upend your retirement.

Spotting Credit Trouble

Spotting Credit Trouble

The wise use of credit is a critical skill. These 10 questions will help you assess your skill level.

Mortgages in Retirement

Mortgages in Retirement

Explore the benefits and drawbacks to paying off your mortgage prior to retirement with this article.