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Should I Buy or Rent?
This calculator computes the costs of renting versus the costs of buying a home. There are many things included in the calculation such as interest, property taxes, tax savings, appreciation, closing costs, etc. But comparing the cost of renting to the cost of buying is a lot more complicated. This calculator attempts to forecast the effects of all the hidden components so you can make an informed decision.
Figure out whether it makes more sense for you to buy instead of rent.
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Rent Information:
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Buy Information:
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Results
NOTICE: This calculator assumes conventional financing for all calculations however the final amount may be different depending on your circumstances. To ensure accuracy it is recommended you obtain personal advice from qualified professionals.