Buy or Rent Calculator

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

Index
This tool helps answer :
  1. Should I buy a house or keep renting? What is the impact on my wealth / net worth 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?
The house I want 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
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
Your highest tax rate (for elective deductions)
If not buying, what is the rent?
Monthly rent & fee
Sublease income
Rent inflation
Investment yield the expected return of investment when you invest extra cash
What if I re-sell it later?
Re-sell the house after years at
Selling cost Normally the commission you need to pay to seller's agent and buyer's agent.
Gain (+) or loss (-) of buyer and renter
Higher(+)/lower(-)
than renter's
The wealth of the buyer who won't re-sell
The wealth of the buyer who will re-sell
The wealth of the all-time renter
Accumulated Wealth Over Time
Related Items
Mortgage selection and affordability calculators
Mortgage refinance calculators
To sell or keep the house analysis