Rent vs. Buy Calculator

Compare the costs of renting versus buying to make the best financial decision

🏠 Home Purchase Details

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🏡 Property Costs

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đŸĸ Rental Information

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đŸ’ŧ Personal Information

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📊 Calculation Results

Decision
Buying is cheaper if you stay for 4.9 years or longer
Otherwise, renting is cheaper
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Cost Comparison Chart
Complete the form and click Calculate to see the comparison

Cost Summary

Complete the calculation to see detailed cost breakdown

📚 Understanding Rent vs. Buy

🏠 Buying Considerations

  • ✓ Build equity over time
  • ✓ Tax deductions on mortgage interest
  • ✓ Stability and control over your space
  • ✗ High upfront costs
  • ✗ Maintenance and repair responsibilities

đŸĸ Renting Considerations

  • ✓ Lower upfront costs
  • ✓ Flexibility to move
  • ✓ No maintenance responsibilities
  • ✗ No equity building
  • ✗ Rent increases over time

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đŸĸ

Rent Calculator

Calculate rental costs and affordability

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đŸ’ĩ

Down Payment

Calculate required down payment amount

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🔄

Refinance Calculator

Calculate refinancing benefits and savings

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📈

Debt-to-Income

Calculate your debt-to-income ratio

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