Compare the estimated financial cost of renting versus buying a home over a selected period.
Enter the values below to calculate your result.
Enter the required values and click Calculate to see your result.
The Rent vs Buy Calculator compares the estimated financial cost of renting with buying a home over your selected period. It considers the down payment, mortgage payments, rent increases, expected property appreciation and the opportunity cost of investing the down payment.
Future Home Value = Home Price × (1 + Property Appreciation)^Years; Remaining Loan Balance is calculated using the mortgage amortization formula.Inputs
The calculator estimates the financial cost of renting versus buying a ₹50 lakh home over 10 years using the assumed rent increase, property appreciation and investment return.
A rent vs buy calculator helps compare the estimated financial cost of renting a home with buying a property over a selected period.
The calculator considers factors such as home price, down payment, mortgage interest rate, loan term, monthly rent, annual rent increases, property appreciation and expected investment returns.
For buying, the calculation considers the down payment, mortgage payments, remaining loan balance and estimated future property value. It also considers the potential investment growth of the down payment as an opportunity cost.
For renting, the calculator estimates total rent paid over the comparison period while increasing the monthly rent each year according to the annual rent increase you enter.
The result is an estimate and should not be treated as financial advice. Actual housing costs can vary because of property taxes, maintenance, insurance, transaction costs, loan fees, rental changes and investment performance.
It depends on the home price, rent, mortgage rate, down payment, property appreciation, investment returns and how long you plan to stay in the property.
It compares the estimated financial cost of renting with the estimated economic cost of buying over the comparison period you enter.
Yes. You can enter an expected annual property appreciation rate to estimate the home's value at the end of the comparison period.
Yes. Monthly rent is increased annually according to the annual rent increase percentage you enter.
It estimates how much the down payment could have grown if that money had instead been invested at the expected investment return you enter.
No. The basic calculation does not include property taxes, maintenance, insurance, registration costs, brokerage, loan fees or other homeownership expenses.
No. The result is an estimate based on the assumptions you enter. Actual rent, property prices, mortgage costs and investment returns may be different.