Rent VS Buy Calculator
Tool
Renting Vs Buying Calculator
Use the calculator below to compare the advantages and disadvantages of owning vs. renting a home.
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30 years
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years
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Total Savings On:
Buying: $0
| Result Returned | Rent | Buy |
|---|---|---|
| Price of Home After Appreciation: | — | $0 |
| Remaining Balance After 7 year(s): | — | $0 |
| Equity Earned: | — | $0 |
| Tax Savings (at 28%): | — | $0 |
| Avg. Monthly Payment Over Time: | $0 | $0 |
| Total Payment: | $0 | $0 |
*Note: this calculator factors in private mortgage insurance, homeowner's insurance, loan closing costs, cost of selling the home, property tax, the mortgage-interest & property-tax deduction (at a 28% rate), and a 3%/year rent increase. Results are estimates only.