Rent vs. Buy Calculator

This calculator will help you to compare the costs of renting to the costs of buying a property. Since there are all kinds of forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

This calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision.

Help & Instructions will appear in cells to the right of fields once you click in or tab into the fields.

<div id="zillow-large-search-box-widget-container" style="width:432px;overflow:hidden;background-color:#e7f1fd;color:#555; font: normal normal normal 13px verdana,arial,sans-serif;line-height:13px;margin:0 auto;padding:0;text-align:center;border:1px solid #adcfff;letter-spacing:0;text-transform:none;"><h2 style="color:#d61;text-align:left;font-size:20px;line-height:20px;font-weight:normal;float:left;width:200px;margin-left:10px;margin-top:5px;letter-spacing:0;text-transform:none;">Find Homes</h2><div style="float:right;"><a href="https://www.zillow.com/" target="_blank" rel="nofollow"><img alt="Zillow Real Estate Information" style="border:0;" src="https://www.zillow.com/widgets/GetVersionedResource.htm?path=%2Fstatic%2Fimages%2Fpowered-by-zillow.gif"></img></a></div><iframe scrolling="no" src="https://www.zillow.com/widgets/search/LargeSearchBoxWidget.htm?did=zillow-large-search-box-iframe-widget&type=iframe&rgname=Ann+Arbor+MI&shvi=yes" width="430" frameborder="0" height="400"></iframe><table id="zillow-tnc-widget-footer-links" width="100%" style="font: normal normal normal 10px verdana,arial,sans-serif;text-align:left;line-height:12px;margin:10px 5px;padding:0;border-spacing:0;border-collapse:collapse;"><tbody style="margin:0;padding:0;"><tr style="margin:0;padding:0;"><td style="font-weight:bold;font-size:10px;color:#555;text-align:left;margin:0;padding:0;">QUICK LINKS:</td></tr><tr style="margin:0;padding:0;"><td style="margin:0;padding:0;"><span id="widgetFooterLink" class="regionBasedLink"><a href="https://www.zillow.com/seattle-wa/" target="_blank" rel="nofollow" style="color:#36b;font-family:verdana,arial,sans-serif;font-size:10px;margin:0 5px 0 0;padding:0;text-decoration:none;"><span class="region">Ann Arbor</span> Real Estate Listing</a></span></td><td style="margin:0;padding:0;"><span id="widgetFooterLink"><a href="https://www.zillow.com/mortgage-rates/" target="_blank" rel="nofollow" style="color:#36b;font-family:verdana,arial,sans-serif;font-size:10px;margin:0 5px 0 0;padding:0;text-decoration:none;">Mortgage Rates</a></span></td><td style="margin:0;padding:0;"><span id="widgetFooterLink"><a href="https://www.zillow.com/refinance/" target="_blank" rel="nofollow" style="color:#36b;font-family:verdana,arial,sans-serif;font-size:10px;margin:0 5px 0 0;padding:0;text-decoration:none;">Refinancing</a></span></td></tr><tr style="margin:0;padding:0;"><td style="margin:0;padding:0;"><span id="widgetFooterLink" class="regionBasedLink"><a href="https://www.zillow.com/seattle-wa/foreclosures/" target="_blank" rel="nofollow" style="color:#36b;font-size:10px;margin:0 5px 0 0;padding:0;text-decoration:none;"><span class="region">Ann Arbor</span> Foreclosures</a></span></td><td style="margin:0;padding:0;"><span id="widgetFooterLink"><a href="https://www.zillow.com/mortgage-calculator/" target="_blank" rel="nofollow" style="color:#36b;font-size:10px;margin:0 5px 0 0;padding:0;text-decoration:none;">Mortgage Calculators</a></span></td><td style="margin:0;padding:0;"><span id="widgetFooterLink"><a href="https://www.zillow.com/mortgage-rates/" target="_blank" rel="nofollow" style="color:#36b;font-size:10px;margin:0 5px 0 0;padding:0;text-decoration:none;">Purchase Loans</a></span></td></tr></tbody></table></div>