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Buy or Rent Calculator
Use this calculator to check the cost and benefit of buying a house vs. renting.
This tool helps answer :
Should I buy a house or keep renting? What is the
impact on my wealth
at the end?
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
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
≥ 760
740 - 759
720 - 739
700 - 719
680 - 699
660 - 679
640 - 659
< 640
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
0%
10%
12%
22%
24%
32%
35%
37%
(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
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