Buy or Rent Calculator

Use this calculator to check the cost and benefit of buying a house vs. renting.

This tool helps answer :
  1. Should I buy a house or keep renting? What is the impact on my wealth at the end?
  2. If I plan to re-sell the house in a few years, would it still be good idea to buy, rather than to rent?
To Buy clear
Purchase price
Downpayment
Loan amount
Loan term (years)
Mortgage rate
Monthly mortgage payment
Monthly property income such as Airbnb, rent revenue.
Property value growth
Credit score range
Monthly mortgage insurance (PMI)
One-time extra costs such as closing fee, renovating cost.
Monthly extra costs Extra cost that you don't need to pay when renting, such as HOA, homeowner insurance (the amount over renter insurance), additional utilities, home maintenance.
Property tax of your city
To Rent
Monthly rent & fee
Sublease income
Rent inflation
Investment yield the expected return of investment when you invest extra cash
Other Inputs
Your highest tax rate (for elective deductions)
Re-sell after years at
Selling cost Normally the commission you need to pay to seller's agent and buyer's agent.
Buyer's gain (+) or loss (-)
to re-sell
not re-sell
Buyer's wealth
Renter's wealth
Wealth difference
Related Items
Mortgage selection and affordability calculators
Mortgage refinance calculators
To sell or keep the house analysis