Finance Rent vs Buy
Compare monthly rent with a monthly mortgage payment.
The result compares monthly rent with the estimated monthly mortgage payment, so you can see whether the mortgage payment alone is higher or lower than rent before taxes, insurance and maintenance are added.
Worked example
For example, rent of $1,500.00 per month compared with a $300,000 home at 6.5% per year gives an estimated 20-year mortgage payment of $2,236.72 per month, before taxes, insurance and maintenance, which is $736.72 per month more than rent.
Frequently asked questions
Is rent vs buy only about monthly payment?
No. Taxes, insurance, maintenance, selling costs and how long you stay also matter.
Instant result, no sign-up.
All tools are free.
Each page shows the formula it uses, so you can check the result yourself.
Built for phone browsers.
Start with a free calculator
Search, pick a calculator, and get an instant result. No sign-up, no download.