Rent vs Buy Calculator
Compare the true cost of renting versus buying over time. Factors in appreciation, taxes, maintenance, and rent increases.
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Frequently Asked Questions
How long should I plan to stay to make buying worth it?
Generally 5-7 years minimum. Closing costs (2-5% of purchase price) and selling costs (6-8%) mean you need time for appreciation to offset transaction costs.
What costs does this include?
Mortgage principal and interest, property tax, insurance, and maintenance for buying. For renting, it includes current rent with annual increases.
What about tax benefits of homeownership?
This calculator does not include the mortgage interest deduction. For many buyers, the standard deduction is now larger than itemized deductions.
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