Rent vs buy calculator
Fill in all the required fields. The comparison appears once the last one is set.
-
The result is a calculation on your figures. It is not a guaranteed saving or an offer.
The home's value after selling costs, minus the loan still owed, plus anything invested in months when owning cost less than renting.
The down payment and closing costs invested from the start, plus anything invested in months when renting cost less than owning.
Owning includes principal and interest, property tax, insurance, HOA dues, maintenance and PMI.
Wealth on each path, year by year
Tax effects are left out. A mortgage interest or property tax deduction only matters if you itemize, and that depends on your whole tax return.
Home prices, rents and returns are assumptions you choose. The calculator does not predict any of them.
For illustrative purposes only. Not a loan offer or commitment to lend. Cindrus is not a lender, mortgage broker or loan originator, we pass no information to lenders, and no lender pays us.
This compares two scenarios built from your assumptions. It is not a recommendation to rent or to buy, and it is not a loan offer.
Data used: the figures and assumptions you entered. The rate and costs you can actually obtain may differ.
Your next step.
Take the result with you.
Free. No account.
- Write down the figures you used: you find them under «Understand the number».
- Ask what it costs in total, not only what the payment will be.
- Ask whether the rate is fixed and what can change it.
- Ask for the offer in writing, so you can compare it calmly.
- Ask what is not included in the figure.
Ready to talk to the bank?
Your figures and the right questions, on one page.
- Costs and rate
- Fees and remaining balance
- The assumptions behind the figure
Follow your loan.
Your loan and your calculations, in one place.
- Your calculations saved in one place
- Your financial overview
The account is free.
The calculator is free without an account. Not personal advice.
Your bank conversation
Ask the bank about these six things.
Based on your calculation. Not personal advice.
How the two paths are calculated
Buying: the loan is the price minus the down payment, repaid in equal monthly payments at your rate and term. Each month adds property tax, insurance, HOA dues, maintenance and, until it stops, PMI. The home's value grows or shrinks at the rate you entered.
Renting: the rent rises once a year at the rate you entered. The renter invests the down payment and closing costs on day one and earns the return you entered.
Each month, whichever path costs less invests the difference at the same return. That keeps the comparison fair: both paths spend the same amount every month.
PMI ends when the scheduled balance reaches 78 percent of the original value, the point at which federal law ends it automatically. You can ask for it to end earlier, at 80 percent.
Every result depends on assumptions nobody knows in advance: prices, rent, returns and how long you stay. Past price changes say nothing certain about future ones.