Rent vs. Buy Calculator

Compare the long-term financial cost of renting vs. buying a home.

Educational Tool Only: This calculator uses simplified assumptions and 2024 tax rates for general planning purposes. It does not account for credits, additional taxes (AMT, NIIT), itemized deductions, or state-specific adjustments. Results may differ from your actual tax liability or financial outcome. Always verify current rates with official sources (irs.gov) and consult a qualified licensed professional before making financial decisions.

Compare the long-term cost of renting vs. buying a home over a 7-year horizon.

Home Purchase Details

Home Price

Down Payment (%)

Mortgage Rate (%)

Property Tax (%)

Home Appreciation (%)

Years to Compare

Renting Details

Monthly Rent

Annual Rent Increase (%)

Investment Return (%), if renter invests the down payment

7-Year Cost Comparison

Click Calculate to compare.

Enter your details and click Calculate.