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Rent vs. Buy Calculator

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Should I buy or rent a house? Use the rent vs. buy calculator to calculate and compare the cost of renting a house vs. buying a home.

Please enter a home value greater or equal to $50,000

Should I buy or rent a house?

House Price
Downpayment %
Interest Rate %
Loan Term
Closing Cost
House Insurance per Year
Property Tax per Year
Property Tax Increase per Year %

Renting an Apartment

Monthly Rent
Monthly Renter Insurance
Broker Fee
Security Deposit
Rent Increase Per Year %

Cost Breakdown

Buy Rent
Upfront Cost
Initial Monthly Cost
Cost after 5 years
Cost after 10 years
Cost after 15 years
Cost after 20 years
Cost after 25 years
Cost after 30 years

Rent or Buy cost table that shows the annual and total costs of renting and buying a house.

If you are planning to move often, then renting might be cheaper and more affordable than buying a home. However, if you are planning to live in a house for a long term (10 years or more), then you may consider buying because your home is likely to appreciate and the interest payments for your mortgage is tax deductible. The appreciation on your home should cover the closing costs that you pay upfront when you buy a house. You can use the appreciation calculator to estimate the value of your home after 30 years.

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