Rent vs Buy Calculator

Compare monthly rent against the mortgage plus ownership extras like taxes, insurance, and upkeep. Calculate it clearly with Figur.

How the rent vs buy calculator works

Compare monthly rent against the mortgage plus ownership extras like taxes, insurance, and upkeep.

Method and assumptions

Figur applies standard payment, interest, or projection formulas to the values you enter. The calculation runs entirely in your browser.

  • Rates and contributions stay constant for the period unless the calculator says otherwise.
  • Taxes, insurance, fees, penalties, and lender-specific terms are excluded unless a field explicitly includes them.
  • Results are rounded estimates; a financial institution may use different rounding rules or payment dates.

This tool is for general information, not financial, tax, legal, or investment advice. Confirm important figures with the relevant institution or a qualified professional.

Sources and references

No external rates or products are consulted: the calculator applies standard financial formulas only to the values you enter.

Worked example

$1,800 rent vs $2,022 mortgage plus $450 extras.

Owning costs about $672 more each month.

Frequently asked questions

What are ownership extras?

Property taxes, insurance, HOA, and maintenance beyond the mortgage.

Is this the whole picture?

It compares monthly cash flow; equity and appreciation are not modeled here.

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