Renting versus buying calculator
Compare monthly cash flow and a simplified five-year cost of renting versus owning.
Illustrative inputs for planning only. Example interest rates are not quoted rates or annual percentage rates (APRs). Change the inputs to your own figures. This calculator does not offer credit or determine approval.
Your estimate
This tool assumes a fully amortizing fixed-rate loan over thirty years. It excludes HOA dues, mortgage insurance, flood insurance, special assessments, and other costs. Five-year figures assume stable rent, rate, taxes, insurance, and maintenance. Ownership outflow includes down payment, buying costs, and payments, without sale proceeds, tax benefits, appreciation, or opportunity cost. Compare equity and sale costs before deciding. Calculations are for planning only. Actual loan terms and eligibility require a lender review.
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