Rent vs. Buy

All Cedar Point Branches along with our call centers will be closed Monday, January 19, 2026, in observance of the holiday. We will open for regular hours on Tuesday, January 20, 2026.

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Should I rent or buy a home?

The decision to rent versus buy can be difficult. Use this calculator to help determine which makes sense for you at this time.

Rent Assumptions

Monthly rent payment ($)

Additional monthly fees ($)

Monthly renter's insurance premium ($)

Annual rent increases (0% to 10%)

Purchase Assumptions

Purchase price of home ($)

Annual appreciation rate (0% to 10%)

Realtor fees on future sale (0% to 100%)

Amount of loan ($)

Annual interest rate (0% to 40%)

Number of years (1 to 40)

Closing costs (not included in loan amount) ($)

Annual homeowner's insurance premium ($)

Annual property taxes ($)

Annual maintenance cost ($)

Other Assumptions

Number of years for the comparison (1 to 30)

Marginal tax bracket (0% to 75%)

Before tax return on savings (-12% to 12%)

Assumed annual inflation rate (0% to 10%)

On taxes, do you take the standard deduction?

Powered By CalcXML

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Income - Single	Income - Head of Household	Income - Married Filing Jointly	Income - Married Filing Separately	Federal Tax Rate
$0 - $11,600	$0 - $16,550	$0 - $23,200	$0 - $11,600	10%
$11,601 - $47,150	$16,551 - $63,100	$23,201 - $94,300	$11,601 - $47,150	12%
$47,151 - $100,525	$63,101 - $100,500	$94,301 - $201,150	$47,151 - $100,525	22%
$100,526 - $191,950	$100,501 - $191,950	$201,151 - $383,900	$100,526 - $191,950	24%
$191,951 - $243,725	$191,951 - $243,700	$383,901 - $487,450	$191,951 - $243,725	32%
$243,726 - $609,350	$243,701 - $609,350	$487,451 - $731,200	$243,726 - $365,600	35%
$609,351+	$609,351+	$731,201	$365,601	37%

Type	Residence	Tuition & Fees	With Room & Board
Public 4yr	Residence: In-state	Tuition & Fees: $11,260	With Room & Board: $24,030
Public 4yr	Residence: Out-of-State	Tuition & Fees: $29,150	With Room & Board: $41,920
Public 2yr	Residence: In-State	Tuition & Fees: $3,990	With Room & Board: $13,960
Private 4yr	Residence: N/A	Tuition & Fees: $41,540	With Room & Board: $56,190

Inflation		2.9%
U.S. Treasury Bills		3.3%
Long-Term Government Bonds		5.1%
U.S. Large-Company Stocks		10.3%
U.S. Small-Company Stocks		11.8%

Year	Inflation Rate
2014		1.6%
2015		0.1%
2016		1.3%
2017		2.1%
2018		2.4%
2019		1.8%
2020		1.2%
2021		4.7%
2022		8.0%
2023		4.1%

Source: U.S. Department of Labor