Rent vs. Buy Calculator

Modify the values below and click Calculate to update the results.

Home Purchase

Home price

Down payment (%)

Interest rate (%)

Loan term (years)

Property tax (%/year)

Tax increase (%/year)

Home insurance ($/year)

HOA fee ($/year)

Maintenance cost (%/year)

Home appreciation (%/year)

Cost increase (%/year)

Selling closing costs (%)

Home Rent

Monthly rental fee ($)

Rental increase (%/year)

Renter's insurance ($/month)

Security deposit ($)

Upfront cost ($)

Your Information

Avg. investment return (%)

Marginal federal tax rate (%)

Marginal state tax rate (%)

Tax filing status

Result

Buying is cheaper if you stay for 4.7 years or longer. Otherwise, renting is cheaper.