The Rent vs Buy Calculator compares the total costs of renting and buying a home over a specified period. It factors in your purchase price, down payment, interest rate, and monthly rent to show you the financial implications of each option.
Buying may be the smarter choice if you plan to stay in the area for more than 3-5 years, want to build equity, or prefer stability over flexibility. It can also be beneficial in markets with rising property values.
Renting is often the better option if you expect to move within a few years, want to avoid maintenance costs, or prefer flexibility. It can also be more affordable in high-cost markets where buying may not make financial sense.