🏠 Rent vs Buy House Calculator 💰

Compare the long-term financial implications of renting versus buying a home.

Common Inputs
How many years do you want to compare the costs over?
What annual return could you get if you invested money instead of spending it on housing?
Enter the symbol for your local currency.
🏡 Renting Details
Your current monthly rent payment.
Expected annual percentage increase in rent.
Estimated annual cost for renter's insurance.
🏠 Buying Details
The total price of the home you are considering.
Percentage of home price you'll pay upfront.
Annual interest rate on your home loan.
Length of your mortgage loan in years.
Estimated annual property tax as a percentage of home value.
Estimated annual homeowner's insurance as a percentage of home value.
Estimated annual cost for maintenance and repairs as a percentage of home value.
Monthly Homeowners Association fees (enter 0 if not applicable).
One-time costs to purchase the home (e.g., loan origination fees, legal fees).
Costs incurred when selling the home (e.g., real estate agent commissions).
Expected annual percentage increase/decrease in property value.
Private Mortgage Insurance (PMI) if down payment is less than 20% (enter 0 if not applicable).

Financial Outcome Comparison

Net Cost of Renting: ₹ 0
Net Cost of Buying: ₹ 0
Recommendation:

*Disclaimer: This calculator provides an estimated financial comparison for renting versus buying a home based on your inputs and simplified assumptions. It does not account for all potential variables such as specific tax deductions (e.g., mortgage interest), complex investment scenarios, unexpected market fluctuations, or personal circumstances. Consult with a financial advisor for personalized advice.