Rent vs. Buy Calculator

Use the Rent vs. Buy Calculator to decide whether buying a new home makes financial sense when comparing renting costs to buying costs. This tool may inspire you to save more for a downpayment or to invest your savings.

Renting and Buying Information

Financial Information
Available Savings for Downpayment or Investment: ? *
Annual Rate of Return (%): ? *

Rent Information
Monthly Rent: ? *
Monthly Insurance: ?

Home Information
Purchase Price: ? *
Mortgate Rate: ? *
Mortgate Term/Amortization (Years): ? *
Mortgate Costs: ?
Mortgate Income Tax Rate (%): ?
Renovation Costs: ?
Yearly Home Appreciation (%): ? *
Yearly Insurance: ?
Yearly Property Tax: ?
Yearly Condo/Strata Fees: ?
Yearly Maintenance: ?
Other Costs (Yearly): ?
Realtor Commission Percentage: ? *
Years Before Selling: ? *

* - Required field.

Results Report

Purchase Summary
Monthly Mortgate Payment: $0.00
Total Monthly Payment: $0.00

Summary When Buying Breaks Even
Number of Years never
Investment Size if Renting $0.00
Amount Ahead by Renting $0.00

Summary When Buying Passes Renting
Number of Years never
Net Worth $0.00

Buying Summary After x Years
Value of Home $0.00
Equity in Home $0.00
Tax Savings $0.00
Net Amount After Sale $0.00
Profit by Buying $0.00

Renting Summary After x Years
Total Rent Paid $0.00
Size of Investment $0.00
Profit by Renting $0.00
You should RENT! You will be ahead by $0.00 after 0 years.