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Buy or Rent Calculator
Use this calculator to check the cost and benefit of buying a house vs. renting.
Index
Top
This tool helps answer :
Should I buy a house or keep renting? What is the
impact on my wealth / net worth
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?
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
≥ 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
Your highest tax rate
0%
10%
12%
22%
24%
32%
35%
37%
(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
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