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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 $50,000Should 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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