MicroCalculatorsRent vs Buy Calculator
Compare total costs of renting vs buying over a chosen period. Includes mortgage, property tax, maintenance for buying; rent for renting. Shows home value at end (for equity).
Rent vs Buy: Compare Housing Costs
Buying includes mortgage payments, property tax, and maintenance; renting is monthly rent. Over 5–10 years, buying builds equity but ties up a down payment. Renting gives flexibility but no equity. This calculator compares total costs and shows which option costs less over your chosen period.
Use realistic values: 1–2% of home value for property tax, ~1% for maintenance. Appreciation (e.g. 3%/year) increases home value and affects the buy outcome. Excludes closing costs, insurance, and opportunity cost of the down payment.
People Also Ask
- Is it better to rent or buy a house?
- How do I compare renting vs buying?
- When does buying make more sense than renting?
Rent vs Buy Calculator — FAQ
- What time horizon should I use?
- 5–10 years is common. Buying usually favors longer stays; renting can be better short-term.
- How do I estimate property taxes?
- 1–2% of home value per year is typical. Check local rates.
- Does renting ever make more sense?
- Yes. In expensive markets, short stays, or when rent is much lower than mortgage + taxes + maintenance.
Want to learn more?
Read our full guide: Should You Rent or Buy a Home? — the 5-year rule, hidden costs, and a decision framework.
Last updated: February 2026