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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?
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Renting an Apartment
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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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