How to use the Rent vs Buy Calculator
- 1 Enter the values requested by the calculator.
- 2 Review the result and the assumptions shown with it.
How this calculator works
Compare estimated rent payments with net homeownership costs over a selected time period.
Assumptions and limitations
Illustrative comparison only. It ignores the time value of money, tax effects, selling costs, utilities, HOA fees and mortgage insurance; home values and rents may not change as assumed.
Further reading: Consumer Financial Protection Bureau: Homeownership costs.
Frequently asked questions
How is this estimate calculated?
Compare estimated rent payments with net homeownership costs over a selected time period.
What should I keep in mind?
Illustrative comparison only. It ignores the time value of money, tax effects, selling costs, utilities, HOA fees and mortgage insurance; home values and rents may not change as assumed.
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