Compare calculators
Both calculators run independently — change the inputs on either side to compare results.
Rent vs Buy Calculator
Compare the cost of buying a home versus renting over a chosen holding period, including mortgage payments, down payment, and a 2%/year ownership-cost assumption for tax, insurance, and maintenance. A positive result means buying costs more total cash than renting over your time horizon; a negative result means renting costs more.
Mortgage Payment Calculator
Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits.
Key differences
| Rent vs Buy Calculator | Mortgage Payment Calculator | |
|---|---|---|
| Category | Real Estate | Financial |
| Inputs required | 5 | 5 |
| Result | Cost Difference (Buying vs Renting) ($) | Monthly Payment (PITI) ($) |
| What it does | Compare the cost of buying a home versus renting over a chosen holding period, including mortgage payments, down payment, and a 2%/year ownership-cost assumption for tax, insurance, and maintenance. A positive result means buying costs more total cash than renting over your time horizon; a negative result means renting costs more. | Estimate the full monthly cost of owning a home — principal, interest, property tax, and homeowner's insurance — bundled into the single number lenders call PITI. Enter your loan amount, interest rate, loan term in years, annual property tax, and annual home insurance, and the calculator returns the monthly payment you would actually send (excluding PMI and HOA fees, which vary widely). This is the figure to compare against your monthly budget when deciding whether a home is affordable, and the figure mortgage lenders use to qualify you against debt-to-income limits. |