Rent vs. Buy Calculator

Make an informed decision about renting versus buying with a complete financial comparison

How to Use This Calculator

Watch this 3-minute tutorial (Coming Soon)

YouTube Video Tutorial Coming Soon

Renting

Monthly RentExample: $2,000/month for a 2BR apartment

Annual Rent IncreaseTypical: 3-5% per year

Renters Insurance (Annual)Typical: $150-300/year

Monthly UtilitiesElectric, gas, water, internet (typically $150-250)

Buying

Home PriceExample: $350,000 for a comparable home

Down PaymentTypical: 3-20%

Interest RateCurrent: 6-8%

Loan Term (Years)

Annual Property TaxVaries by state (typically 1-2% of home value)

Annual Home Insurance

PMI Rate (Annual % of Loan)✓ Not required (down payment ≥ 20%)

Monthly HOA Fees

Annual Maintenance (% of Home Value)

Closing Costs (% of Home Price)

Annual Home Appreciation

Monthly UtilitiesElectric, gas, water, sewer, trash, internet

Comparison Settings

Years to Compare

Investment Return (if renting)

Disclaimer

This calculator provides estimates for educational and informational purposes only. Results are based on the inputs you provide and general assumptions. They are not financial advice and should not be relied upon as the sole basis for making investment decisions. Actual costs, returns, taxes, insurance rates, maintenance expenses, and market conditions may vary significantly. Past performance does not guarantee future results. Please consult with a qualified financial advisor, tax professional, and real estate attorney before making any real estate investment decisions. Fabnancial and its affiliates are not responsible for any financial losses incurred from using this calculator.