Rent vs Buy Calculator | Should You Rent or Buy a Home?

Should I buy or rent a home?

Rent vs Buy Calculator helps you decide whether buying a home or renting makes more financial sense based on your location, income, expenses, and long-term financial goals. This free tool compares costs, including mortgage, rent, property taxes, and maintenance, giving you a clear picture to make informed housing decisions.

🏠 Rent vs Buy Calculator

City Name (type or select default):
Monthly Rent ($):
Annual Rent Increase (%):
Home Price ($):
Down Payment (%):
Mortgage Interest Rate (%):
Loan Term (years):
Property Tax (% of home value):
Maintenance (% of home value):
Years to Stay in Home:

FAQs

Q. How does this calculator work?

It compares the total cost of buying versus renting over time, factoring in mortgage, rent, taxes, insurance, and maintenance.

Q Is this tool free to use?

Yes, it’s completely free and requires no signup.

Q. Can I use it for any city?

Yes, it allows location-specific inputs for accurate results.

Q. Will it consider my personal finances?

Absolutely—inputs like income, savings, and down payment help personalize the calculation.