Rent vs Buy Calculator
Compare monthly renting costs with estimated mortgage, tax, and insurance costs for buying.
Mortgage Payment
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Monthly Cost to Buy
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Monthly Rent
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Monthly Difference
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5-Year Difference
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Guide
How it works
Use this calculator to compare renting with buying a home.
What this calculator does
The rent vs buy calculator compares monthly rent with estimated monthly ownership cost from mortgage, tax, and insurance assumptions.
Rent vs Buy Formula
Monthly Difference = Monthly Cost to Buy - Monthly Rent
Example calculation
If rent is 2,200 and estimated buying cost is 2,800, buying costs 600 more per month before other ownership factors.
When to use this calculator
- deciding whether to rent or buy
- comparing monthly housing costs
- testing mortgage rates and down payments
- estimating five-year cost differences
FAQs
Does this include appreciation?
No. This version focuses on monthly cash flow.
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