Rent vs. Buy Calculator
Make an informed decision about whether renting or buying makes more financial sense for your situation.
Buying Scenario
Renting Scenario
Expected return if you invest the down payment instead
Time Horizon
Renting is Better
Monthly Payment Comparison
After 5 Years
Potential tax savings from mortgage interest & property tax deductions
Let's find the best path for your situation
Beyond the Numbers
Time Horizon
Buying typically makes more sense if you plan to stay 5+ years. The longer you stay, the more you benefit from appreciation and equity buildup.
Job Stability
Buying works best when you have stable income and plan to stay in the area. Renting offers more flexibility if your career might require relocation.
Maintenance Responsibility
As a homeowner, you're responsible for all repairs and maintenance. Renters have the convenience of landlord-covered repairs but no equity buildup.
Rent vs. Buy FAQ
Disclaimer: This calculator provides estimates for comparison purposes only. Actual costs, returns, and tax benefits vary based on individual circumstances, market conditions, and tax laws. Results assume a 30-year fixed-rate mortgage and do not account for all possible costs or scenarios. Consult with financial and tax professionals for personalized advice.
Need help with other calculations?
Ready to Explore Your Options?
Whether you decide to rent or buy, we're here to help you navigate the Fort Wayne real estate market.