Rent vs. Buy Calculator

Educational Illustration Only. This calculator provides an estimated comparison of renting vs. buying based on the inputs provided. Assumptions include: maintenance/HOA at 1% of home value annually (unless condo/HOA fee is specified), closing costs at 3% of purchase price, mortgage interest deduction available if itemizing exceeds the 2026 standard deduction ($30,000 MFJ), SALT deduction capped at $40,000 under current federal law, 25% marginal tax bracket for federal savings calculation, renter's investment assumes 6% annual return in diversified portfolio. Actual results will vary based on individual circumstances, market conditions, property performance, tax filing status, and other factors. This tool does not constitute financial, tax, or legal advice. Consult a licensed CPA, attorney, and mortgage professional for guidance specific to your situation. Real estate transactions involve risk. Past performance does not guarantee future results.