Rent vs Buy Calculator

This calculator provides estimates based on the inputs you provide. While it considers many important factors like opportunity costs, appreciation, and tax benefits, actual costs may vary based on market conditions, personal circumstances, and unforeseen expenses. It's best used as a starting point for your decision-making process.

Opportunity cost represents what you could earn by investing your down payment instead of using it to buy a home. When renting, you keep that money invested and earning returns. This calculator compares the total cost of renting plus investment gains versus buying a home.

Not necessarily. While cost is important, other factors matter too: job stability, lifestyle preferences, desire for customization, long-term plans, and quality of life. Homeownership offers stability and the ability to build equity, while renting provides flexibility and fewer responsibilities. Use this calculator alongside your personal priorities.

This calculator doesn't include: moving costs, furniture and appliances, landscaping expenses, renovation costs, PMI (if down payment is less than 20%), special assessments, or lifestyle differences between renting and owning. Note that as of 2026, real estate commission structures have changed following the NAR settlement, and buyer's agent fees may now be negotiated separately. Consider these additional factors when making your decision.