Finance
Rent vs Buy Calculator
Compare the long-term estimated cost of renting and buying a home.
Tool
Compare the long-term estimated cost of renting and buying a home.
This tool runs in your browser. Your input is processed locally and is not uploaded.
About this Tool
Use this free rent vs buy calculator to compare rent, mortgage payments, maintenance, purchase costs and estimated property value over time. Results depend on the assumptions entered.
Examples
- Rent 1400 vs home 320000 over 10 years
- Rent 2200 vs home 500000 over 7 years
- Rent 900 vs home 180000 over 15 years
Frequently Asked Questions
What does the Rent vs Buy Calculator calculate?
It compares renting with buying using housing costs and time horizon.
What can affect the result?
Results depend on the rate, payment timing, term and costs entered. Lender fees, insurance, variable rates and contract rules are excluded unless the calculator explicitly asks for them.
Does this calculator provide financial advice?
No. It provides a mathematical estimate based on the values entered and is not financial, investment, lending, accounting or tax advice.