Rent vs Buy Calculator
Should you keep renting or buy a home?
Quick side-by-side monthly comparison of renting vs owning.
What you enter
- Monthly rent
- Home price
- Down payment
- Mortgage APR
- Loan term (years)
- Property tax rate
- Monthly insurance
Worked example
With the default inputs:
- Monthly rent: $2,400
- Home price: $450,000
- Down payment: $90,000
- Mortgage APR: 6.5%
- Loan term (years): 30
- Property tax rate: 1.1%
- Monthly insurance: $120
| Monthly cost to own | $2,807.94 |
|---|---|
| Monthly cost to rent | $2,400.00 |
| Difference | +$407.94 |
| Down payment tied up | $90,000.00 |