Free tools: payment, APR, refinance break-even and more.

Open calculators
Subscribe

Rent vs. Own Calculator

There are advantages and disadvantages to owning a home.

One consideration in particular is the total cost of home ownership. While the monthly home payments may be more expensive than a rental property, there are very valuable potential tax savings that may be available to you.

Your Mortgage Interest Payments and your Annual Property Taxes may be tax deductible

Please consult your tax professional for more details and how the benefits of home ownership may provide substantial benefits to you

Rent vs. Own Calculator

Over this period
–
Total cost of renting
–
Net cost of owning
–
Equity at the end
–

Estimates for illustration only. Actual terms depend on the lender, your credit and current market rates.