Rent vs. Buy Calculator

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

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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)

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

Monthly HOA Fees

Annual Maintenance (% of Home Value)

Closing Costs (% of Home Price)

Annual Home Appreciation

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

Years to Compare

Investment Return (if renting)