Instant calculator
Rent Vs Buy Calculator
Use the rent vs buy calculator as a first-pass comparison between rent and the expected monthly cost of owning.
How to use
Quick steps
- Enter monthly rent, home price, down payment, mortgage rate, monthly tax and insurance, monthly hoa.
- Review the instant answer block and supporting calculations.
- Compare the result with related tools in the same category before making a decision.
Formula
How this calculator works
Ownership cost = mortgage payment + taxes + insurance + HOA
This is a monthly cash-flow comparison only and does not model appreciation, maintenance shocks, or tax effects.
FAQ
Common questions
How does the rent vs buy calculator work?
It uses Ownership cost = mortgage payment + taxes + insurance + HOA. Enter monthly rent, home price, down payment, mortgage rate, monthly tax and insurance, and monthly hoa to generate an instant estimate.
When should I use this rent vs buy calculator?
Compare estimated monthly renting cost with monthly ownership cost.
What should I keep in mind?
This is a monthly cash-flow comparison only and does not model appreciation, maintenance shocks, or tax effects.