Rent vs. Buy Calculator - Calculate Now
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Rent vs. Buy Calculator

Rent vs. Buy Calculator will help you determine whether owning a home will be a better investment decision relative to renting.
     
Rental Information
Current Monthly Rent $
Expected Annual Rent Increase %
Property Information
Home Value $
Annual Home Maintenance $
Annual Home Appreciation %
Home Selling Costs %
Loan Information
Loan Amount $
Interest Rate %
Loan Length years
Points %
Origination Fees $
Closing Costs $
Taxes, Insurance and Misc
Your Federal+State Tax Rate %
Property Tax% $
Property Insurance% $
Comparison Period years
Interest Rate on Savings %
 

 
 
 

This calculator will help you decide whether purchasing a property will be a better financial decision versus renting for a given period of time, property and loan characteristics.

The calculator will output estimated cost of renting and that of home buying as well as its difference over the selected evaluation period together with a recommendation of whether to rent or own.

In general, owning a home makes sense if the cost of ownership adjusted for tax effects are lower than the cost of renting.

Typically if your loan-to-value (LTV) is more than 80%, the lenders will require that you obtain private mortgage insurance (PMI), however this calculator does not account for PMI. The reason is that today many lenders offer alternatives programs like 80:10:10 or 80:20 which do not require you to pay PMI.

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