Rent vs Buy Calculator

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Important information about using this calculator

This tool is designed to give you a rough estimate of the costs of renting as compared to buying based on information you provide. For information about your loan options, please consult a Discover Mortgage Banker. Discover Home Loans does not guarantee the availability of any rate or product. Your actual results may vary depending on your personal financial situation, including factors that are not considered by the calculator.

This assumes you itemize deductions, if you do not itemize the cost of home ownership will be higher.

Your Information

Your Information If You Rent A Home

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Your Information If You Buy A Home

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  2. 20%
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Other Information

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Your Results

Are you wondering if it makes more sense to rent or buy? By seeing how much you spend now on renting and comparing that to what you could be paying on an investment such as a home purchase, you can gain a clearer picture about which scenario may be more financially sound for you.

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