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Buy or rent calculator

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This calculator helps you decide whether it's better to buy or rent a home, based on your net investment gain. Fill out the information on the Buying a home and Renting a home tabs to calculate your results.

Content Two!!!!!!!!!

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Price of home:

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Net taxes:

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Total price of home:

$0.00

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Down payment:

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Amortization period:

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Mortgage rate:

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Land transfer taxes:

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Yearly property taxes:

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Costs of buying a home:

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Costs of selling a home:

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Average yearly change in home value:

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Yearly home maintenance cost/condo fees:

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Yearly cost of home insurance:

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Mortgage insurance premium:

$0.00

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Other costs:

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Inflation:

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Monthly rent payment:

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Rental deposit:

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Yearly rent increase:

Monthly cost of renter's insurance:

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Other costs:

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Invest the buy-rent difference?

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Yearly expected investment return:

Calculate

Results:

Based on your information, buying is better than renting after 8 years.
Select a year on the graph to see specific buying/renting details for that year.
Learn more about renting versus buying? 

Buying summary
More information Investment value:  

$100,000

More information Money invested:

-

$100,000

More information Total expenses:

-

$100,000


More information

Net investment
gain:

  $100,000
Renting summary
More information Investment value:  

$100,000

More information Money invested:

-

$100,000

More information Total expenses:

-

$100,000


More information

Net investment
gain:

  $100,000
  • Renting is better
  • Buying is better
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30

At end of year

The graph illustrates the difference between buying and renting over a 30-year term. Whichever option yields a larger net investment gain is your best result.

Period

Total Renting Expenses Total buying expenses

Total savings

Year 1 $25,000 $25,000 $25,000
Year 2 $25,000 $25,000 $25,000
Year 3 $25,000 $25,000 $25,000
Year 4 $25,000 $25,000 $25,000
Year 5 $25,000 $25,000 $25,000
Year 6 $25,000 $25,000 $25,000
Year 7 $25,000 $25,000 $25,000
Year 8 $25,000 $25,000 $25,000
Year 9 $25,000 $25,000 $25,000
Year 10 $25,000 $25,000 $25,000
Year 11 $25,000 $25,000 $25,000
Year 12 $25,000 $25,000 $25,000
Year 13 $25,000 $25,000 $25,000
Year 14 $25,000 $25,000 $25,000
Year 15 $25,000 $25,000 $25,000
Year 16 $25,000 $25,000 $25,000
Year 17 $25,000 $25,000 $25,000
Year 18 $25,000 $25,000 $25,000
Year 19 $25,000 $25,000 $25,000
Year 20 $25,000 $25,000 $25,000
Year 21 $25,000 $25,000 $25,000
Year 22 $25,000 $25,000 $25,000
Year 23 $25,000 $25,000 $25,000
Year 24 $25,000 $25,000 $25,000
Year 25 $25,000 $25,000 $25,000
Year 26 $25,000 $25,000 $25,000
Year 27 $25,000 $25,000 $25,000
Year 28 $25,000 $25,000 $25,000
Year 29 $25,000 $25,000 $25,000
Year 30 $25,000 $25,000 $25,000

This chart shows the cumulative total buying and renting expenses for a given year, and the cumulative difference in net investment gain between buying and renting. If this number is negative, renting is better. If positive, buying is better.

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