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Buying: monthly payment
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Renting: monthly
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Total cost of buying (period)
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Total cost of renting (period)
A simplified comparison of mortgage payments versus rent over the years you plan to stay. It excludes property appreciation, maintenance, taxes and the opportunity cost of the down payment.
Frequently Asked Questions
Is it better to rent or buy?
It depends on how long you stay, the price-to-rent ratio and what else you could do with the money. Buying builds equity over time, while renting offers flexibility and lower upfront cost. This tool compares the basic monthly and total costs.
Compare the cost of renting versus buying a home over the years you plan to stay.