Rent vs Buy / Affordability Calculator

Compare renting vs buying a home and see what you can afford.

Rent vs Buy / Affordability Calculator calculator

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How To Use

  1. Enter your current or expected monthly rent.
  2. Enter the home price, down payment %, interest rate, and term.
  3. Add estimated annual property tax, insurance, and maintenance.
  4. Compare monthly rent vs total ownership cost.

What Is Rent vs Buy / Affordability?

Rent vs buy comparisons weigh the cost of renting against the cost of owning a home (mortgage, taxes, insurance, maintenance). An affordability view shows how much you'd pay each month to own versus your current or expected rent. This tool compares monthly rent to estimated ownership costs so you can see the financial difference; it doesn't account for equity build-up or market changes.

Frequently Asked Questions