Rent vs. Buy Calculator

Discover the costs and benefits of renting versus buying to see which could be better for you over the long term.

Buy a Home (Inputs)

Home Price

Down Payment

Loan Term (years)

Interest Rate (%)

Annual Property Tax

Annual Home Insurance

Annual Maintenance (Est.)

Home Appreciation (%/yr)

Rent a Home (Inputs)

Monthly Rent

Rent Increase (%/yr)

Are You Ready to Buy?

Deciding to buy is a big step. While renting offers flexibility, buying a home is one of the most effective ways to build long-term wealth. You build equity with every payment and your property value can appreciate over time.

This calculator helps you see the financial break-even point. If you're ready to explore your options, the first step is a mortgage pre-approval. Many first-time buyer programs can also help make ownership more affordable.

Comparison Result

Enter your details and click 'Compare Options' to see the financial forecast.

Get Your Full Comparison

Enter your info to receive this 30-year financial forecast and talk to a local lender about your buying power.