Finance

Rent vs Buy Calculator

Rough comparison of long-term cost of renting vs buying a home.

Inputs

Monthly Rent ($)

Home Price ($)

Down Payment ($)

Mortgage Rate (%)

Years

Annual Ownership Costs ($)

Tax, insurance, maintenance

Result

Rent — 7 yrs

$168,000.00

Buy — 7 yrs$291,899.88

Mortgage payment$2,022.62

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