Rent vs Buy Calculator
Make an informed decision about your housing future. Compare the costs of renting versus buying a property and discover which option saves you more money in the long run.
Calculation Parameters
Financial Comparison
Enter your details and click "Calculate"
See your personalized rent vs buy analysis
Recommendation
Analysis will appear here
Based on your inputs, we'll show which option is better financially
Why Use Our Rent vs Buy Calculator?
Financial Clarity
See the long-term financial implications of renting vs buying based on your specific situation.
Objective Comparison
Our calculator considers all costs including taxes, insurance, and investment opportunities.
Time-Saving
Get instant results without complex spreadsheets or financial advisors.
Frequently Asked Questions
How accurate is this calculator?
Our calculator provides a comprehensive estimate based on standard financial models. While it includes all major factors (mortgage, taxes, insurance, appreciation, etc.), actual results may vary based on market conditions and personal circumstances.
What factors does this calculator consider?
We consider home price, down payment, loan terms, interest rates, property taxes, insurance, rent costs, annual rent increases, investment returns, and time period to provide a complete financial comparison.
Should I always buy if it shows buying is better?
Not necessarily. While our calculator shows the financial aspects, consider personal factors like job stability, plans to relocate, and maintenance responsibilities. Buying is a long-term commitment beyond just finances.
How does the calculator handle home appreciation?
We use historical average appreciation rates adjusted for inflation. You can customize this in the advanced settings. Our default uses a conservative 3% annual appreciation rate.