HomeDecisionLab
Refinance Tool
Rent vs Buy
Property Report
Rent vs Buy Calculator
Use this tool to compare the total cost of buying a home versus renting one.
Home Purchase Assumptions
Home Price ($)
Down Payment ($)
Interest Rate (%)
Loan Term (years)
15 years
20 years
30 years
Closing Costs ($)
Property Tax Rate (% of value per year)
Property Tax Increase (% per year)
Home Insurance ($ per year)
HOA Fee ($ per year)
Maintenance Cost ($ per year)
Home Value Appreciation (% per year)
Selling Closing Costs (% of sale price)
Rent Assumptions
Monthly Rent ($)
Rent Increase (% per year)
Renter's Insurance ($ per year)
Security Deposit ($)
Other Assumptions
Average Investment Return (% per year on down payment)
Years Planned in Home
Compare Costs
Recommendation
Total Cost of Buying
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Total Cost of Renting
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Cost Over Time