Rent vs. Buy Calculator
Compare the Cost of Renting vs Buying a Home
Monthly Rent ($):
Enter the amount of your monthly rent payment.
Monthly Rental Insurance ($):
Enter the monthly rental insurance premium.
Estimated Annual Inflation Rate (%):
Enter the annual inflation rate. Used to inflate costs over the duration.
Purchase Price of Home ($):
Enter the total purchase price of the home (excluding closing costs).
Down Payment Amount ($):
Enter the amount available for the down payment.
Length of Mortgage Term (# of years):
Enter the number of years you are financing the home.
Mortgage's Annual Interest Rate (%):
Enter the annual interest rate of the mortgage.
Discount Points on Home Purchase (%):
Enter discount points paid upfront to reduce the mortgage interest rate.
Origination Fee (%):
Enter the percentage charged by the lender for processing the loan.
Other Loan Costs ($):
Enter other loan-related costs such as filing fees or appraiser fees.
Mortgage Insurance (PMI %) :
Enter the PMI rate if your down payment is less than 20%.
Homeowner's Insurance Rate (%):
Enter the homeowner insurance rate as a percentage of the home value.
Monthly Association Dues ($):
Enter your monthly homeowner association dues, if any.
Estimated Monthly Maintenance ($):
Enter your estimated monthly maintenance and repair costs.
Annual Property Tax ($):
Enter the annual property tax you expect to pay.
State plus Federal Income Tax Rate (%):
Enter your combined state and federal income tax rate.
Interest Rate on Savings (%):
Enter the annual interest rate you expect to earn on invested funds.
Expected Annual Home Appreciation Rate (%):
Enter the expected annual appreciation rate of the home.
Number of Years You Will Stay in This House:
Enter the number of years you plan to stay in the property.
Realtor Commission Rate (%):
Enter the realtor commission rate when selling the home.
Calculate
Reset
Cost Comparison