Rent vs. Buy Calculator

Compare the financial implications of renting versus buying a home over time.

Buying Details

Enter information about the home you're considering buying

Home Price$350,000

Down Payment

Down Payment Percentage20%

3%20%50%

Amount: $70,000

Interest Rate4.5%

Loan Term

Property Tax Rate (%)

Annual Home Insurance

Maintenance (% of home value)

Monthly HOA Fees

Closing Costs

Typically 2-5% of the loan amount

Selling Costs (%)

Typically 5-7% of the sale price

Mortgage Payment:

$0.00

Property Tax:

$350.00

Home Insurance:

$100.00

Maintenance:

$291.67

Total Monthly Payment:

$0.00