Rent vs Buy Calculator

🏠 Home Purchase

Home Price ($)

Down Payment

Mortgage Interest Rate (%)

Loan Term (years)

Custom Monthly Payment ($ - Optional)

Closing Costs on Purchase (%)

Selling Costs (%)

Home Appreciation Rate (%)

Investment Return on Savings (%)

🧾 Property Tax

Property Tax

Property Tax Inflation (%)

🛡️ Home Insurance

Home Insurance

Insurance Inflation (%)

🏘️ HOA Fees

HOA Fees (Monthly $)

HOA Inflation (%)

🛠️ Maintenance

Maintenance

Maintenance Inflation (%)

💡 Additional Principal Payments

Annual extra payments. A new row appears after each entry. Payments apply in the selected month (e.g., Year 1, Month 12 = 12th month of ownership).

Tip: Making extra payments on your mortgage - whether from a bonus, tax refund, or any additional income - can reduce your interest costs and significantly shorten the length of your loan.

Recurring annual extra payment until loan payoff

Applied each year on the selected month until balance reaches $0.

🏢 Rental Details

Monthly Rent ($)

Annual Rent Increase (%)

⌛ Years Owned

Years Owned

💰 Tax Benefit (not included)

Heads up: This calculator does not include any potential tax savings from itemizing your deductions. Results below assume the standard deduction and exclude any incremental tax benefit from owning a home.

To see whether your home purchase could reduce your taxes, use the Homebuyer Tax-Benefit Calculator.

💬 Share Your Feedback

This calculator is designed to help make the rent vs. mortgage decision clearer, and I’d love to make it as useful as possible. If you noticed anything confusing, have ideas for improvements, or just want to share what worked well, I’d really appreciate hearing from you. Please email me at rentvsbuying@gmail.com