Buy vs Rent Calculator

Compare the financial implications of buying a home versus renting to make an informed decision

Input Parameters

Property Details

Home Price ($)

Down Payment ($)

Loan Term (years)

Interest Rate (%)

5.5

Rent Details

Monthly Rent ($)

Annual Rent Increase (%)

Additional Costs

Annual Property Tax ($)

Annual Home Insurance ($)

Annual Maintenance ($)

Monthly HOA Fees ($)

Investment & Timeframe

Investment Return Rate (%)

Comparison Timeframe (years)

Results

Total Cost of Buying

Over 10 years

Total Cost of Renting

Over 10 years

Difference

Buying costs more

Monthly Payment (Buy)

Principal, interest, taxes, insurance

Buy is Better

Based on your inputs, buying is the better financial decision over 10 years.

Buying Cost Breakdown

Down Payment $0
Mortgage Payments $0
Property Taxes $0
Home Insurance $0
Maintenance $0
HOA Fees $0
Total Cost $0

Renting Cost Breakdown

Rent Payments $0
Rent Increases 0% annual increase
Investment Opportunity $0
Total Cost $0

FAQs

How do I calculate BMI manually?

BMI is calculated by dividing your weight in kilograms by your height in meters squared.

Formula: BMI = weight (kg) ÷ height² (m²)

What is a healthy BMI range for adults?

For most adults, a healthy BMI falls between 18.5 and 24.9, according to global health standards.

Is BMI different for men and women?

The BMI formula is the same for both men and women. However, men and women store body fat differently, so BMI results may be interpreted differently in some cases.

Can BMI be inaccurate for athletes?

Yes. Athletes and highly muscular individuals may have a higher BMI even though they have low body fat, making BMI less accurate for them.