Debating on whether to rent or buy your next home? Use this calculator to compare the net costs of renting vs. buying to help decide what’s the right move for you.

Our rent vs. buy calculator methodology compares the total cost of renting with the total cost of buying by looking at much more than a rent check or mortgage payment.

To calculate the cost of renting, we start with the monthly rent, add agent commission and Ejari fee.

To calculate the cost of buying, we start with the purchase price and calculate the initial down payment and buyer closing costs; the monthly mortgage payment and other recurring costs like maintenance, municipality taxes, and insurance. These costs depend on numerous assumptions, like your mortgage rate, how long you stay in a home, and local home price appreciation.


Disclaimer:

This calculator is provided for educational and informational purposes only. It relies on assumptions and information provided by you regarding your goals and expectations. All figures are hypothetical and may not be accurate indicators of historical or current performance. This calculator does not take into account individual circumstances and should not be relied upon in any way as the sole source of information.