: Automatically provides national averages for insurance and property taxes if you don't have exact figures.
: Accounts for opportunity cost (what you'd earn by investing your down payment), the 2017 mortgage interest deduction cap, and localized appreciation. rent or buy home calculator
Rent-vs-buy calculators are essential for determining the "break-even point"—the exact year when the total cost of homeownership becomes less than the total cost of renting. : Automatically provides national averages for insurance and
: Widely considered the gold standard due to its comprehensive inclusion of "unrecoverable costs". the 2017 mortgage interest deduction cap
: The most overlooked factor. Calculators like Zillow's show that if you rent and invest your down payment, you could potentially out-earn a home's equity growth, especially in the first 3–5 years.