Rent vs. Buy Calculator

There's a lot to consider when you compare housing costs

Owning a home has long been considered part of the American dream. But it's a good idea to set your feelings aside for a moment and make sure that home ownership makes financial sense for you. It's not as simple as comparing an estimated monthly mortgage charge to a potential rent payment. Home ownership costs also include maintenance, taxes and insurance premiums. This calculator will help you sift through all the financial factors so you can make an informed decision on whether to buy or rent.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.