Free Tool
Rent vs. Buy Calculator
Wondering if it makes more sense to rent or buy? Enter your numbers below and see how the costs compare over time.
Best for: renters wondering if now is the right time to buy
Renting
Return on money you'd invest instead of buying
Buying
20% down payment
Today's avg rate via MND
Typical for the state above. Edit it if you know the actual rate.
Verdict
Buying is better
You'd save $0
Total Cost of Renting
$0
Rent paid minus investment gains
Net Cost of Buying
$0
Payments + costs minus equity built
*Simplified estimate. Doesn't include maintenance, PMI, closing costs, or tax benefits.
Buying in California? Property taxes are more nuanced than this flat estimate. See what new homeowners need to know about Prop 13, Mello-Roos, and the supplemental tax bill →
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