Housing calculator
Rent vs Buy Calculator
Compare simplified renting and buying costs over a time period using your own assumptions.
How this calculator works
The tool compares rent paid over the selected period with a simplified homebuying model that includes mortgage payments, property tax, maintenance, closing costs, and estimated home equity.
Limitations
This simplified model does not include tax deductions, PMI, HOA fees, insurance, selling costs, investment returns on cash not used for a down payment, local transfer taxes, repairs that are larger than the maintenance estimate, or lifestyle differences.
Important note
This page provides educational estimates only and is not real estate, mortgage, tax, legal, accounting, or financial advice.