Rent vs. Buy Calculator

Not sure whether renting or buying makes more sense right now?

Use this calculator to compare the estimated long-term cost of renting vs owning based on your timeline and assumptions. You’ll see a cost-over-time graph, the point where buying may become more affordable than renting, and a quick summary you can use to plan your next step.

Estimates only. Results vary based on rates, taxes, HOA, insurance, maintenance, appreciation, rent increases, and how long you stay.

Home price ($)

Down payment ($)

Interest rate (APR %)

Monthly rent ($)

Renters Insurance ($/mo)

Advanced assumptions (taxes, HOA, appreciation, costs)

Home Insurance ($/yr)

HOA ($/mo)

Maintenance (%/yr of price)

Buying closing costs (% of price)

Annual rent increase (%)

Property tax rate (%/yr of price)

Home appreciation (%/yr of price)

Selling Costs (% of price)

Investment return on cash (%/yr)

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Result headline text

Renting total text

Owning net cost

Show details

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Have questions about your results? Contact Mighty Oaks Realty and we’ll help you fine-tune the numbers for your target neighborhoods and current market conditions.