Tell us about the home and your situation

We'll compare the cost to rent versus the cost to own over 10 years.

Sales price of the home ($):

Anticipated down payment (% or $):

Interest rate (%):

Property state:

Term of the proposed loan:

Annual property appreciation (%):

(Assume 1% appreciation unless otherwise known.)

Current monthly rent ($):

Expected savings growth rate (%):

(Assume 1% savings rate unless otherwise known.)

Income tax bracket:

Results

Complete the fields above to see a side-by-side comparison of the net cost to rent versus the net cost to own. Click "Calculate" when ready.

Estimates are based on state-wide averages and may vary based on lender, location, property type, and FICO score.

How accurate is this calculator?

This calculator runs a 10-year side-by-side projection of two scenarios. The buy scenario includes monthly P&I, state-specific property tax and insurance, PMI when down payment is below 20%, plus annual property appreciation, mortgage interest tax deduction (using your tax bracket), and equity accumulation. The rent scenario assumes 2.5% annual rent inflation and growth on your unspent down payment at the savings rate you provide. Real outcomes vary with market conditions, maintenance costs (not included), HOA fees, and how long you stay. Use this for directional planning, not exact prediction.

Want to know how we come up with our numbers? Read how our estimates compare to verified lender quotes →

Rent vs Buy Calculator

Tell us about the home and your situation