HomeDecide — Buy vs Rent Calculator

Home Price

Down Payment 20%

Mortgage Rate 6.4%

Loan Term

PMI Rate 0.5%

Applies until 20% equity is reached

Property Tax Rate 3.0%

Property Tax Growth 0.0%

Home Insurance ($/yr)

HOA Fee ($/mo)

Maintenance 1.0%

% of home value per year

Extra Utilities vs Renting ($/mo)

Monthly Rent

Rent Inflation 3.0%

Renters Insurance ($/yr)

Home Appreciation 3.5%

Investment Return 7.0%

Closing Costs (Buy) 3.0%

Selling Costs 7.0%

Filing Status

Annual Gross Income

Years to Simulate 30 yrs

Adjust the parameters on the left and click Calculate to see the full financial analysis.

Buy vs Rent Calculator