Rent vs Buy Calculator

Compare the total cost of renting versus buying a home over time. Consider all costs including opportunity cost of your down payment.

Home Purchase Details

Currency

Home Price

Down Payment

20.0% of home price

Interest Rate (%)

Loan Term (years)

Annual Property Tax

Annual Home Insurance

Monthly HOA Fees

Annual Maintenance (% of home value)

Typical range: 1-3% of home value annually

Monthly Rent

Annual Rent Increase (%)

Annual Renter's Insurance

Investment Return (%)

Return on investing your down payment

Years to Analyze

Better Option

Rent

Cost Difference

Savings from renting

Break-even Year

Never

When buying becomes better

Monthly Payment

Mortgage payment only

Renting is $0 cheaper over 10 years when investing your down payment at 7% return.