Compare monthly costs of buying a home versus renting, including principal, interest, tax, and insurance.
This calculator helps you see how monthly mortgage costs compare with rent, taking into account both pure costs and equity building.
Down Payment: The upfront payment (usually 10–20%) you make when buying a home.
Principal (Equity Building): The part of your mortgage payment that reduces your loan balance.
Interest: The cost of borrowing money from the bank.
Property Tax: Taxes paid to the local government, based on the home’s value.
Insurance: Homeowners insurance to protect your property against risks.
When comparing mortgage vs rent, keep in mind:
Note: Principal is not a loss — it increases your home equity over time.