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Renting vs. Buying Calculator

Find out whether it may make more sense for you to rent or buy your home. Making a mortgage payment (including principal, interest, taxes and insurance) may cost more than rent, but with each payment you are building equity in a valuable asset. On the other hand, if you rent, would you be better off financially by continuing to rent at a lower monthly payment and investing the difference? Adjust the inputs below to match your situation and click the ‘View Report’ button to see your results.

Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.