Rent vs buy calculator
Compare the total cost of renting and of buying the same home over the number of years you choose.
Everything is calculated in your browser. Nothing you type is sent or stored.
How this is calculated
- Monthly mortgage payment: the standard fixed-rate formula for a loan of the price minus the down payment, repaid monthly over the term.
- Cost of buying = cash paid upfront (down payment plus buying costs) + mortgage payments made in the period + yearly ownership costs + the return that upfront cash would have earned if invested, minus what you get back from selling at the end (sale price minus selling costs minus the loan still owed).
- Cost of renting = the rent paid over the period, changing once a year by the rent change you entered.
- Home value, rent and ownership costs change once a year, and the investment return compounds once a year.
- Not included: tax effects, rental income from the home, investing the monthly difference between renting and owning, and currency changes.
The numbers filled in are examples to show how the calculator works. They are not market data. Replace them with your own.
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