Rent vs. Buy Calculator

Monthly Rent ($): Home Price ($): Down Payment (%): Interest Rate (%): Loan Term (years): Property Tax Rate (%): Maintenance ($ per year): Annual Rent Increase (%): Annual Home Value Increase (%):

Description

The Rent vs. Buy Calculator helps you compare the financial implications of renting a home versus buying one. By entering your monthly rent, home price, down payment, interest rate, and other relevant factors, this tool calculates the total costs associated with both options over a specified loan term.

The calculator also accounts for factors such as property tax, maintenance costs, rent increase rate, and home value appreciation. It provides a detailed comparison of the costs and benefits of renting and buying, helping you make an informed decision based on your financial situation.

Use the Rent vs. Buy Calculator to determine which option makes the most financial sense for you. The results include a visual chart that illustrates the cost differences between renting and buying over time, allowing you to easily understand the potential long-term benefits of each option.

How to Use

Enter your current monthly rent and expected annual rent increase percentage.
Enter the home price, down payment percentage, mortgage interest rate, and loan term in years.
Provide the annual property tax rate and expected maintenance costs.
Enter the expected annual home value appreciation rate.
Click "Calculate Rent vs. Buy" to see the total cost comparison and visual chart.
The results will display a breakdown of costs for both renting and buying, including a chart showing the differences over the loan term.