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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.

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$
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Renting

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

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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.

Cost Difference

$0

comparison text
home Buy a Home
Loan Amount
$0
Monthly Payment
$0
Total Mortgage Payments
$0
apartment Rent a Home
Starting Monthly Rent
$0
Final Year Monthly Rent
$0
Total Rent Paid
$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.

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