Should I rent or buy a home?

With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.


Rent Assumptions
Monthly rent payment ($)
Additional monthly fees ($)
Monthly renter's insurance premium ($)
Annual rate increases: (%)
Purchase Assumptions
Purchase price of home ($)
Annual appreciation rate: (%)
Realtor fees on future sale: (%)
Amount of loan ($)
Annual interest rate: (%)
Number of years
Closing costs (not included in loan amount): ($)
Annual homeowner's insurance premium ($)
Annual property taxes ($)
Annual maintenance cost ($)
Other Assumptions
Number of years for the comparison
Marginal tax bracket: (%)
Before tax return on savings: (%)
Assumed annual inflation rate: (%)

DocuMatix , LLC and LGFCU do not assume any fiduciary duties or provide investment advice when you use the calculators and you are encouraged to seek professional financial and legal advice when making financial decisions. Calculations provided may differ from calculations provided by other institutions or advisors. DocuMatix , LLC and LGFCU disclaim all warranties with respect to the calculator and use thereof including any implied warranties of fitness for a particular purpose or merchantability. DocuMatix , LLC and LGFCU shall not be liable for any direct, indirect, incidental, consequential, punitive or other damages suffered by you due to your use of the calculator, including loss of profits. You agree to indemnify, defend and hold harmless DocuMatix , LLC and LGFCU from and against all claims, damages and liabilities related to your use of the calculator.