Renting vs Buying Calculator

Let us help you work out the numbers in your case — right now. Use our simple calculator below, and see just how much renting can save you.

Question of

  • What is the expected amount you will get after selling your home and closing your mortgage?

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  • What is the expected price of the condo you want to purchase?

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  • What is the rate you will get from the bank after investing the funds of selling your home?

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  • How much is the expected monthly apartment rent?

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  • How much are the monthly condo fees?

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  • How much are the monthly taxes on the property?

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  • How much is your Condo heating bill?

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  • How much is your Condo water bill?

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  • How much is your expected electricity bill?

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  • How much is the expected insurance on a condo?

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  • How much is the expected insurance on an apartment?

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  • Monthly Expenditures Renting Buying
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Savings
Renting vs Buying
There is no benefit for renting but there are other advantages to consider
in Year 1
by Year 5
by Year 10
* Assumes 2% yearly inflation rate on monthly expenditures
** Excludes condo appreciation over the duration of condo ownership
*** When total savings equal zero, there is no financial benefit of renting over the duration of condo ownership