Finance

Mortgage Calculator & Tools

Rent vs. Buy Calculator

Monthly Rent
Yearly Increase (%)
Tax Bracket (%)
Loan Term
Loan Interest Rate (%)
Loan Amount
Property Price
Home Appreciation
(Annual %)
Property Taxes
(Annual $)
Duration of Stay
(Estimate in Years)

Calculate your estimated payments

Calculate
Costs of Renting (est.)
Gross Cost of Buying (est.)
Tax Related Savings
Increased Equity
Net Cost of Buying (est.)
Total Savings (est.)
Investment Savings (est.)

This Rent or Buy Calculator helps you compare the costs of renting vs buying a home. This uses the estimated home purchase costs for a home you are considering, compared to the renting costs of a comparable rental home. You can use this information to help you decide whether it is better for you to rent or buy.

Learn more about home financing options.