Finance
Rent vs Buy Comparison Calculator
Roughly compare monthly renting with monthly owning, side by side.
Formula
Monthly owning cost is the mortgage payment on price minus down payment plus monthly tax, insurance, and HOA; compare it with rent.
How it works
This is a monthly cash comparison only — it ignores home price growth, rent rises, maintenance, selling costs, and tax effects, so it is a starting point, not a buy-or-rent verdict.
FAQs
Why is owning often higher at first?
Mortgage plus ownership costs can exceed rent, especially with a small down payment.
What costs are missing?
Maintenance, repairs, and selling costs on the owning side.
Does it say which is better long term?
No — long-term value depends on price growth and how long you stay.
Are these figures financial advice?
No — they are estimates for planning only, not financial advice. Check with a qualified adviser for decisions involving large sums.
Estimates only, not financial advice. Figures are approximate and do not include all fees, taxes, or changing rates unless stated.