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 ($) 
Annual rent increases (%) 
Purchase Assumptions
Purchase price of home ($) 
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 (%)help
Before tax return on savings (%)help
Assumed annual inflation rate (%)help
On taxes, do you take the standard deduction? 
The information provided here is to assist you in planning for your future. Any analysis is a result of the information you have provided. Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary therefore, the information should be relied upon when coordinated with individual professional advice.

Any rate of return entered into the interactive calculator to project future values should be a reasonable average return for the period. Rates of return will vary over time, and generally the higher the rate of return the higher the degree of risk.

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