Rent Vs Buy Calculator
Purchase Details
Rental Details
Tax Information
Selling Costs
Purchase Details
Rental Details
Tax Information
Selling Costs
Living Arrangement
Investment Assumptions
Important Note
To ensure accurate results, please carefully review each input field and understand its significance. Input values should reflect your specific circumstances and the local conditions where you plan to buy or rent.
While we use average values as defaults, they may not be accurate for every user. Results will heavily depend on the precision of the values you provide.
Although we cannot predict future variables with 100% accuracy, understanding how these values behaved in the past can help us minimize errors. However, it is important to note that they may still differ from the actual future values.
While we use average values as defaults, they may not be accurate for every user. Results will heavily depend on the precision of the values you provide.
Although we cannot predict future variables with 100% accuracy, understanding how these values behaved in the past can help us minimize errors. However, it is important to note that they may still differ from the actual future values.
Calculation Results
Before Tax
After Tax
Costs
Contributions
Annual Buying Costs Breakdown
Annual Buying Costs Breakdown
| Year | Monthly Mortgage | Annual Mortgage | Monthly Property Tax | Annual Property Tax | Monthly Home Insurance | Annual Home Insurance | Monthly Maintenance | Annual Maintenance | Monthly Utilities | Annual Utilities | Monthly HOA | Annual HOA | Monthly PMI | Yearly PMI | Monthly Total | Annual Total |
|---|
Annual Renting Costs Breakdown
Annual Renting Costs Breakdown
| Year | Monthly Rent | Annual Rent | Monthly Renter's Insurance | Annual Renter's Insurance | Monthly Utilities | Annual Utilities | Monthly Total | Annual Total |
|---|
Annual Cost Comparison
Annual Cost Comparison
| Year | Buying Cost | Renting Cost | Cumulative Buying | Cumulative Renting | Yearly Difference | Highest Cost |
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Monthly Investment Growth Comparison
Monthly Investment Growth Comparison
| Month | Buying Contribution | Renting Contribution | Buying Interest | Renting Interest | Buying Balance | House Principal | House Equity | Remaining Loan Amount | Future Home Value | Appreciated Ownership Value | Wealth Generated (Buying) | Wealth Generated (Renting) |
|---|
Tax Deductions Analysis
Tax Deductions Analysis
| Year | Mortgage Interest | SALT Buying | SALT Renting | Other Itemized Deductions (Buying) | Other Itemized Deductions (Renting) | Total Itemized Deductions (Buying) | Total Itemized Deductions (Renting) | Standard Deduction | Deduction Benefit (Buying) | Deduction Benefit (Renting) | Tax Savings (Buying) | Tax Savings (Renting) | Net Tax Savings |
|---|
Rent Income Analysis
| Year | Rent Income | Monthly Buying Cost | Difference |
|---|