Rent vs Own Calculator

Compare your current or expected rent to the monthly cost of owning a home.

Monthly rent ($)

Home price ($)

Down payment ($)

Interest rate (% per year)

Loan term (years)

Property tax ($/year)

Home insurance ($/year)

HOA ($/month, if any)

Rent (monthly) $2,500

Own (monthly P&I + tax + insurance + HOA) —

Enter values to see comparison.

Owning builds equity; rent does not. This tool does not include maintenance or tax benefits. Consult a professional for your situation.