Rent vs Buy Calculator
Compare the total cost of renting versus buying a home over time. Factors in mortgage, down payment, appreciation, and rent increases.
How to Use Rent vs Buy Calculator
The Rent vs Buy Calculator helps you decide whether renting or buying a home is more financially advantageous over a given time period. Enter the home price, down payment percentage, mortgage rate, loan term, monthly rent, annual rent increase rate, home appreciation rate, and the number of years you plan to stay. The calculator compares total rent costs against net buying costs (mortgage payments + down payment - home equity gained). It accounts for home value appreciation and compounding rent increases to give you a realistic long-term comparison.
Step-by-Step Instructions
- Enter the home price and your monthly rent
- Set mortgage details (down payment, rate, term)
- Adjust rent increase and home appreciation rates
- Click Compare to see which option saves more money
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