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The choice between renting a home or purchasing one is usually one of the biggest financial decisions you can make. It can be difficult to know which is a better option for you. Use our calculator to help you analyze some of the most important up-front, recurring, and opportunity costs associated with this decision.
This tool analyzes the most pertinent expenses of buying and renting. Some of those expenses are real hard costs. It also takes into account the opportunity costs, including the return you could have earned by investing your money instead of incurring the costs of either buying or renting. All values calculated here are in current US dollars.
Costs Associated with Renting
Cost Associated with Buying
If renting a similar home costs more than...
Buying would likely be better, even if you could rent for free.
...then buying could better.
|Costs after 9 years||Rent||Buy|
Need an idea regarding the purchase price or loan amount for which you might qualify? While our tool is not a commitment to lend, it can help you get a potential starting point as you consider purchasing or refinancing a home.
Estimated/Purchased Loan Amount for which you may qualify...
...based on the information provided.