Rent vs. Buy Calculator

Time Frame

How long do you plan to stay? (years)

Renting Details

Monthly Rent

Expected Annual Rent Increase (%)

Monthly Renter's Insurance

Buying Details

Home Price

Down Payment

Mortgage Interest Rate (%)

Loan Term

Additional Buying Costs

Annual Property Tax

Annual Home Insurance

Monthly HOA Fees

Annual Maintenance (%)

Market Conditions

Expected Annual Home Value Appreciation (%)

Investment Return Rate (%)

Analysis Results

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Analyzing costs and benefits...

Cost Comparison Over Time

Renting Costs

Total Rent Paid: $0.00
Total Insurance Paid: $0.00
Investment Opportunity: $0.00
Net Renting Cost: $0.00

Buying Costs

Total Mortgage Paid: $0.00
Property Tax & Insurance: $0.00
Maintenance & HOA: $0.00
Home Value Appreciation: $0.00
Net Buying Cost: $0.00

Monthly Payment Comparison

Understanding Rent vs. Buy

Renting Advantages

Lower upfront costs
More flexibility to move
No maintenance responsibilities
Predictable monthly costs

Buying Advantages

Build equity over time
Potential tax benefits
Property value appreciation
Freedom to modify property

Key Considerations

Length of stay in the area
Local market conditions
Maintenance costs
Investment opportunities

The best choice depends on your personal circumstances, financial goals, and local market conditions.

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Housing Decision Tips

Consider your long-term plans
Factor in all costs
Research local market trends
Build an emergency fund

Rent vs Buy Calculator