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Rent Versus Buy Calculator
Assumes a fixed-rate mortgage, constant tax/insurance/HOA amounts, and annual growth in rent and home value. Compares sale equity with investing the down payment, closing costs and monthly savings. No income-tax benefits or investment taxes are modeled. Appreciation and investment returns are not guaranteed. PMI stops at modeled 80% LTV; actual cancellation requires lender approval and applicable rules.
About this calculator
Compare the true cost of renting against owning over time.
Rent buys you a place to live today; owning also builds equity as you pay down your loan and your home gains value. This calculator weighs both paths over the number of years you choose so you can see which one may leave you further ahead.
Enter the home price, down payment, rate, your current rent and a few assumptions about rent increases, appreciation and ownership costs. The result compares what a buyer would walk away with after selling against what a renter would have by investing the difference. Small changes in appreciation or time horizon can swing the answer, so try a few scenarios.
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