Free financial calculator guide
Rent vs. Buy Calculator for Housing Decisions
Compare renting and buying using monthly housing costs and assumptions.
Use the free Rent vs Buy Calculator
Open the working calculator on the MoneyWise Tools homepage. It does not require a Premium subscription.
Open Rent vs Buy Calculator →Why this calculation matters
Choosing between renting and buying depends on more than a mortgage payment. Maintenance, taxes, insurance, mobility and upfront costs matter too.
How to use the calculator
Enter the relevant rental and ownership assumptions and compare the results.
What to keep in mind
Home appreciation and future rent increases are uncertain, so test more than one scenario.
The interactive calculator is on our main calculator page. Use the button above to jump directly to it; the guide here explains the inputs and how to interpret your estimate.
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Educational estimates only; not personalized financial, tax or investment advice. Read our disclaimer.