It can be challenging to understand the complexities of home ownership. Sometimes home buying can present benefits that are not available to renters. Calculate whether buying a home or renting is a better fit for your financial budget. The Buy vs. Rent Calculator can help you make the right decision.

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Buy vs Rent Calculator

Input

Rent Info
Monthly Rent	($)
Annual Rent Increase	(%)
Property Info
Home Value	($)
Annual Maintainance	($)
Annual Appreciation	(%)
Years Before Sell	(Yrs)
Selling Cost	(%)
Loan Info
Amount	($)
Interest	(%)
Loan Length	(Yrs)
Points	(%)
Annual PMI	($) (%)
Taxes and Insurance
Your Tax Rate	(%)
Annual Property Taxes	($) (%)
Annual Insurance	($) (%)
Show amortization table

Financial Analysis

	Rent	Buy
Downpayment	$0.00	$50,000.00
Taxes and Insurance	$0.00	$22,500.00
Total PMI	$0.00	$0.00
Total Maintainance	$0.00	$6,000.00
Total Payments	$59,676.82	$155,864.39
Average Period Payments	$994.61	$2,597.74
Rent Savings	$96,187.57	$0.00
Tax Savings	$0.00	$16,071.87
Total Rent Savings	$80,115.70
House Appreciation	$289,818.52
Proceeds Minus Cost	$272,429.41
Remaining Balance	$186,950.49
Equity Appreciation	$85,478.92
Home Purchase Benefit	$5,363.22

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Buy vs. Rent Calculator

Buy vs Rent Calculator