Deciding whether to rent or buy? This calculator compares the true monthly cost and the long-term wealth impact of each option, including mortgage payments, property taxes, insurance, PMI, HOA, maintenance, rent inflation, home appreciation, and potential investment returns on the money you’d otherwise keep invested when renting.

How This Rent vs Buy Calculator Works

We compare after-tax monthly costs and long-term wealth. Buying includes principal & interest, property tax, home insurance, PMI (if LTV > 80%), HOA, and maintenance. Renting includes monthly rent and future rent increases. We also consider home appreciation and the invested balance of cash not used for a down payment when renting.

Note: This tool provides estimates for educational purposes and is not financial, tax, or legal advice. Local taxes, insurance, HOA, and closing costs vary by market and lender program.