Rent vs. Buy Calculator

Comparing renting to buying is a lot more complicated than comparing a monthly rent check to a monthly mortgage payment. This calculator accounts for the hidden forces — interest, taxes, insurance, maintenance, tax savings, appreciation, the opportunity cost of your down payment, and the cost of eventually selling — to give you a real, side-by-side estimate over however long you plan to stay.

Renting

Monthly Rent ($)

Monthly Rental Insurance ($)

Expected Annual Inflation (%)

Buying

Purchase Price ($)

Down Payment ($)

Mortgage Term (years)

Mortgage Interest Rate (%)

Discount Points (%)

Origination Fees (%)

Other Loan Costs ($)

Mortgage Insurance / PMI (%)

Homeowner's Insurance (% of value/yr)

Monthly Association Dues ($)

Monthly Maintenance ($)

Annual Property Tax ($)

Your Situation

State + Federal Income Tax Rate (%)

Interest Rate You Expect to Earn on Savings (%)

Expected Annual Home Appreciation (%)

Years You Will Stay

Agent Commission Rate When Selling (%)

Estimated Net Cost of Renting $0

Estimated Net Cost of Buying $0

This calculator is provided for general planning purposes only, without warranty as to its accuracy or applicability to your specific circumstances. It is not a substitute for professional financial, tax, or real estate advice.

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At City Wide Appraisal Group, we're committed to providing accurate, reliable, and professional property appraisal services. Whether you need a home valuation, land appraisal, or a specialized appraisal report, we're here to help you make informed decisions with confidence.