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About This Tool
The Rent vs Buy Calculator helps you make one of life's biggest financial decisions by comparing the total costs of renting versus purchasing a home over your specified time horizon.
Enter your monthly rent, expected rent increases, home price, down payment, mortgage rate, and other factors. The calculator produces a year-by-year comparison so you can see when buying becomes more cost-effective than renting.
This tool accounts for mortgage payments, property taxes, insurance, maintenance, and investment opportunity costs on your down payment.