Calculators

Mortgage Calculator: Rent vs Buy

Should you rent or should you buy your home? This calculator helps you weed through the fees, taxes and monthly payments to help you decide between these two options. This report is based on the original purchase price, fees and taxes payable at that time. Insurance and tax costs can fluctuate from year to year.

Home: Buy vs Rent

Buy Options

$350,000.00
$70,000.00
30
5.00%
$150.00
$150.00
Estimated cost of maintenance or repairs to home, including structural, HVAC, appliances, landscaping, etc...
$500.00

Rent Options

$2,000.00
$2,000.00
$15.00

Buy vs Rent Comparison

Based on your inputs

Buy Option

$280,000.00

$1,503.10

$800.00

$899,116.00

Over the total length of loan term

Rent Option

$2,015.00

$2,000.00

$727,400.00

Also over the total length of home loan term

Result

$171,716.00

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