Rent vs. Own Calculator

Compare the estimated cost of continuing to rent versus buying a home over time.

Rent Scenario

Buy Scenario

Current Monthly Snapshot

Monthly Cost — Renting:
$0
Monthly Cost — Owning (Estimate):
$0

Over Time: Rent vs. Own

Total Paid in Rent:
$0
Total Payments as Owner:
$0
Difference in Total Payments:
$0
Principal Paid (Equity from Payments):
$0
Estimated Home Value at End:
$0
Estimated Mortgage Balance at End:
$0
Estimated Equity at End (Value – Loan):
$0
With owning, you may walk away with equity that can be accessed if you sell or refinance, unlike renting.

Disclosure: This rent vs. own calculator is a general educational tool and should not be used as the sole basis for deciding whether to buy or rent. All figures are estimates based on the numbers you enter and simplified assumptions about interest rates, appreciation, taxes, insurance, maintenance, rent increases, and other factors. Actual costs, equity growth, and potential tax benefits will vary based on your specific loan terms, property, market conditions, and personal financial situation. This tool does not account for all costs or tax consequences, and it does not represent a loan application, approval, quote, or commitment to lend. Only a licensed mortgage lender can tell you what you qualify for and what your exact payments would be, and only a qualified tax professional or CPA can advise you on any tax benefits of homeownership. We strongly recommend speaking with a licensed mortgage lender and a tax professional for personalized guidance before you begin shopping for homes or making decisions about renting versus buying.