Rent vs. Buy Calculator
Compare the long-term cost of renting versus buying and see when buying may start to make more sense.
Enter Your Scenario
Purchase Inputs (proposed)
Closing costs include title fees, appraisal fees, pre-paid insurance and taxes, underwriting fees, and other fees that may be associated with the transaction. $5,000 is typical, but not exact.
This is the national average annual home appreciation rate, or how much a home's value is expected to increase each year.
This is the average cost to sell a home, including commissions for both the buyer's and seller's agents, along with title and other closing fees. It does not include any costs for repairs or improvements.
Annual maintenance is typically estimated at about 1% of the home's value per year. It's important to be prepared for unexpected repairs and ongoing upkeep costs.
Rent Inputs (current)
What This Calculator Shows
This tool compares the estimated long-term cost of renting versus buying based on your monthly housing costs, appreciation, rent growth, maintenance, and selling costs.
It is designed to help you estimate when buying may begin to make more financial sense if you plan to stay in the home long enough.
Good To Know
This calculator provides estimates only and does not represent a loan approval, locked rate, or investment advice. Actual results may vary based on market conditions, tax treatment, loan terms, and future resale value.