Deciding whether to rent or buy a property is one of the biggest financial decisions you'll make. This calculator helps you compare the long-term financial implications of both options, taking into account factors like mortgage payments, property appreciation, investment returns, and maintenance costs.
Input the purchase price of the home you're considering, along with your expected down payment and mortgage terms. Include estimated property taxes and insurance costs.
Enter the monthly rent for a comparable property, including any renter's insurance costs and expected annual rent increases.
Input your expectations for property appreciation, investment returns, and how long you plan to stay in the property.
Analyze the monthly cost comparison, long-term financial impact, and our recommendation based on your inputs.
This calculator provides financial comparisons only. Consider personal factors like job stability, lifestyle preferences, and desire for customization in your decision.
Results are based on assumptions about future property values, investment returns, and market conditions. These may vary significantly in reality.
Consider consulting with financial and real estate professionals for personalized advice based on your specific situation.