Rent vs. Buy Calculator
 
 

Rent Vs. Buy Calculator

Should I rent or buy? This calculator does the complicated math for you by comparing the costs of renting vs. buying a house.

You will need to input several numbers so the calculator can accurately compare all the factors affecting renting versus buying (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.).

When you finish make sure to print the handy "rent or buy" comparison table so you have an easy reference sheet.

Finally, if you need help completing any field just click on that data entry box and instructions will appear in the area to the right so you know how to answer the questions. And if you like this calculator please make sure to "like" or +1 to help us out!

Thanks, and good luck with your new home...

Entry Descriptions Entry Fields Explain/Instruct
Monthly rent ($):
Monthly rental insurance ($):
Estimated annual inflation rate (%):
Purchase price of home ($):
Down payment amount ($):
Length of mortgage term (# of years):
Mortgage's annual interest rate (%):
Discount points on home purchase (%):
Origination fee (%):
Other loan costs ($):
Mortgage Insurance (PMI %):
Homeowner's insurance rate (%):
Monthly association dues ($):
Estimated monthly maintenance ($):
Annual property tax ($):
State plus Federal income tax rate (%):
Interest rate you expect to earn on savings (%):
Expected annual home appreciation rate (%):
Number of years you will stay in this house:
Realtor commission rate (%):
Result Descriptions Result Fields Explain/Instruct
Total estimated cost of renting:
Total estimated cost of buying:

 






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