← Back to all calculatorsHousing comparison

Rent vs. Buy Calculator

Compare a simplified monthly ownership estimate with rent and model a multi-year cost difference.

Real-time illustration No registration Mobile responsive

Scenario inputs

Adjust your assumptions

Home price

Down payment

Interest rate

Loan term

years

Property tax rate

Annual homeowners insurance

Annual mortgage insurance rate

Current monthly rent

Years to compare

years

Annual home appreciation assumption

Results update as you type. Use realistic assumptions and compare more than one scenario.

How to use this estimate

Start with a realistic range. Use values that reflect your current plan rather than a best-case target.

Change one variable at a time. This makes it easier to understand which assumptions move the result.

Confirm the full scenario. Taxes, insurance, fees, credit, property, and program requirements can materially change actual terms.

Calculator results are educational estimates only and are not a loan estimate, approval, rate quote, or commitment to lend. Company NMLS 1660690. Call 480-546-8001 with questions.