Compare estimated housing cost over a chosen period for renting versus buying a home.
Compare how income, debt, rates, refinancing costs and ownership assumptions affect housing decisions.
Enter the values requested above and select Calculate. Change any input to compare another scenario. The calculation runs locally in your browser and does not require an account.
Compare five years of $2,000 monthly rent with buying a $350,000 home using your expected rate, down payment and ownership costs.
Compare estimated housing cost over a chosen period for renting versus buying a home. The result is intended for quick estimates, checking arithmetic and comparing scenarios. When a result affects a contract, tax filing, medical decision, building-code requirement or other high-stakes situation, verify the result with the appropriate professional or authoritative source.
Compare $2,300 monthly rent growing 3% per year with a $400,000 home and 20% down, using a 6.25% mortgage assumption over seven years. Change only appreciation to see how much estimated buying results depend on future sale price.
What to check: Transaction costs, tax outcomes, repair surprises, investment opportunity cost, closing and selling costs, and changes in insurance or property tax may not be fully represented. This is a scenario tool, not a prediction.
Compare with the Mortgage calculator when that better matches the question you are trying to answer.
Compare estimated housing cost over a chosen period for renting versus buying a home.
The buying side combines mortgage payments, upfront costs, annual ownership costs and estimated sale equity; the renting side totals rent with annual rent growth.
Yes. ERICH Calculators is free to use and does not require an account.
See how formulas, sources and limitations are handled across ERICH Calculators.