Rent vs. Buy Calculator

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Renting Scenario

Current Monthly Rent ($) Annual Rent Increase (%) Renters Insurance ($/mo) Investment Return on Down Payment (%) if you invest instead of buying

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Buying Scenario

Home Purchase Price ($) Down Payment ($) Mortgage Interest Rate (%) Loan Term (Years) Annual Property Tax Rate (%) Annual Home Insurance ($) Monthly HOA ($) Annual Maintenance (% of home value) Closing Costs (%)

Shared Assumptions

Home Appreciation Rate (%/yr) Your Tax Bracket (%) How Long Will You Stay? (Years)

🏘️ Total Cost of Renting

🏠 Total Cost of Buying

⏱ Break-Even Analysis

📋 Factors Beyond the Numbers

Reasons to BUY

✅ Building equity and net worth
✅ Stability — fixed payment, can't be evicted
✅ Freedom to renovate and customize
✅ Forced savings / wealth-building discipline
✅ Hedge against rent inflation

Reasons to RENT

✅ Flexibility to move at any time
✅ No maintenance responsibility
✅ No property value risk
✅ Lower upfront cash required
✅ Better if staying fewer than 3–5 years

Cumulative Cost Over Time

Year-by-Year Breakdown

Year	Rent Total Cost	Buy Total Cost	Net Difference	Home Value	Equity Built

🔄 Rent vs. Buy Calculator