Rent vs. Buy Home Affordability Calculator

Should you rent or buy? Enter the home price, your down payment, mortgage rate, and your current rent, and this calculator compares the true monthly cost of owning (mortgage, tax, insurance, maintenance) against renting – plus how many months it takes for buying to break even on closing costs. Every number is a live formula (including a real mortgage payment calculation), so you can test as many scenarios as you want in seconds.