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Should I rent or buy a home?

This rent vs. buy calculator lets you calculate the difference between renting a property and buying a home.

Rent Assumptions

Monthly rent payment $
Additional monthly fees $
Monthly renter's insurance premium $
Annual rate increases: (0-10) %

Purchase Assumptions

Purchase price of home $
Annual appreciation rate: (0-10) %
Amount of loan $
Annual interest rate: (0-30) %
Number of years (1-30)
Annual homeowner's insurance premium $
Annual property taxes $
Annual maintenance cost $

Other Assumptions

Number of years for the comparison (1-30)
Marginal tax bracket: (0-50) %
Before tax return on savings: (0-12) %
Assumed annual inflation rate: (0-10) %
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This calculator is provided by Financial Calculators, Inc., and is intended solely for general information and education purposes. You should not take any action on the basis of the information provided through this calculator. Please see the disclaimer for further information and limitations.
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