Enter your current monthly rent and expected annual rent increase. Then enter the home price, down payment, mortgage interest rate, loan term, property taxes, homeowners insurance, maintenance costs, and any HOA fees for the home you are considering.

The rent vs. buy calculator compares the estimated cost of renting with the estimated net cost of buying over the number of years you select.

You can also adjust assumptions for annual home appreciation, buying costs, and selling costs. These assumptions affect the projected value, equity, and net cost of homeownership.

For the buying scenario, the calculator estimates the mortgage loan amount, monthly principal and interest payment, remaining mortgage balance, projected home value, and estimated home equity.

The results compare the two financial paths and estimate a break-even point when one can be identified under the assumptions entered. A break-even estimate is not a prediction that buying or renting will actually become less expensive at that exact time.

Results depend heavily on the assumptions you choose. Actual costs may differ because of changing rents, property values, interest rates, taxes, insurance, maintenance, transaction costs, financing terms, and other expenses.

This calculator provides estimates for educational and planning purposes and does not constitute financial, real estate, tax, or investment advice.