Buy vs Rent Calculator

Make an informed decision by comparing the total cost of buying a home versus continuing to rent. This calculator analyzes all costs including mortgage payments, property taxes, insurance, maintenance, appreciation, and potential investment returns to provide a comprehensive financial comparison.

Property & Purchase Details

Property Costs & Appreciation

Rental & Investment Assumptions

Financial Comparison Results

Monthly Mortgage Payment

$0

Total Ownership Cost

$0

Total Rent Cost

$0

Net Equity at Sale

$0

Financial Impact

$0

Renting vs Buying

Financial Recommendation

Buying Breakdown

Down Payment: $0
Mortgage Payments: $0
Property Taxes: $0
Insurance: $0
Maintenance: $0
Net Equity at Sale: -$0
Net Cost of Buying: $0

Renting Breakdown

Total Rent Payments: $0
Investment Growth: -$0
Net Cost of Renting: $0

Detailed Calculations

Important Considerations

Home Ownership Benefits: Beyond financial considerations, homeownership provides stability, potential tax benefits, and the ability to customize your living space.

Renting Benefits: Renting offers flexibility, no maintenance responsibilities, and lower upfront costs, which can be ideal for those who may relocate or prefer predictable monthly expenses.

Market Factors: Real estate markets vary significantly by location and time. Home appreciation and rent increases can be unpredictable and may differ from historical averages.

Personal Factors: Consider your lifestyle, career stability, family plans, and risk tolerance when making this decision. The financially optimal choice may not always be the best personal choice.