Mortgage vs Rent
Should you buy or keep renting?
Buying builds equity but ties up cash; renting stays flexible but does not build ownership. Use both calculators with the same assumptions to see monthly cost and long-run trade-offs.
Mortgage calculator
Monthly P&I, total interest, and loan size from price, down payment, rate, and term.
Open calculatorRent vs buy calculator
Side-by-side housing cost scenarios including rent, appreciation, and opportunity cost.
Open calculatorBottom line
If monthly ownership (P&I plus taxes and insurance) is well above 30% of net income, stress-test a higher down payment or a lower price before committing.
FAQ
- Is renting always throwing money away?
- No. Rent buys flexibility and avoids maintenance risk. Buying can win when you stay long enough for equity and appreciation to offset transaction costs.
- Which tool should I run first?
- Start with the mortgage calculator for payment math, then the rent vs buy tool for a broader housing decision frame.