How to use this calculator
The rent vs buy calculator compares estimated monthly costs for renting and buying. It does not decide for you, because lifestyle, job stability, location, and time horizon matter. It does help show how mortgage costs, taxes, insurance, maintenance, rent, and renter insurance compare in a monthly snapshot.
Example estimates
A $2,200 rent payment may look cheaper than buying, but rent increases and ownership equity can change the long-term comparison.
Buying can be more expensive month to month once maintenance, taxes, and insurance are included.
Frequently asked questions
Does this calculate home appreciation?
No. This first version compares monthly cost. Appreciation, selling costs, and opportunity cost require a deeper model.
When is renting better?
Renting can be better for short timelines, uncertain income, frequent moves, or markets where ownership costs are much higher.