Buying vs. Renting Calculator

Use the calculator below to compare the advantages and considerations of owning vs. renting a home.

Current Rent:
Purchase Price of Home:
Percentage of Down Payment:
Length of Loan Term (years):
Interest Rate:
Years You Plan to Stay in This Home:
Yearly Property Tax Rate:
Yearly Home Value Increase Rate:

Result Returned:	Buy	Rent
Price of Home After Appreciation:
Remaining Balance After Years:
Equity Earned:
Tax Savings (at 28%):
Avg. Monthly Payment Over Time:
Total Payment:
Total Savings On:

Note: The calculator above uses these items in its calculations: private mortgage insurance, homeowner's insurance cost, loan closing cost, cost of selling a home, property tax, homeowner's tax saving, and rent increases. Calculator results are estimates only.