Rent vs Buy Calculator — Bloomington, IN
Built for programmatic SEO: city-specific defaults + FAQ schema + internal links. Update assumptions any time as you learn what converts.
Defaults: INAd-ready placementsFAQ schema
Inputs
Results
Renting is cheaper (monthly).
All-in buy (monthly)
$2,140
Rent (monthly)
$1,800
Buy − Rent
$340
Breakdown (buy)
- Mortgage: $1,505
- Property tax: $254
- Insurance: $140
- HOA: $0
- Maintenance: $242
- Down payment: $58,000
Tip: This compares *monthly cash cost* only. For a full model (equity, appreciation, tax effects), add a “5-year horizon” later.
How to use this calculator in Bloomington
Start with the pre-filled assumptions for Bloomington, then replace them with your deal’s numbers. If you’re an investor, keep vacancy + CapEx reserves conservative. If you’re a homeowner, pay special attention to property taxes and insurance (these often drive the rent vs buy decision).
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FAQ
What are the biggest drivers of rent vs buy in Bloomington, IN?
The biggest drivers are interest rate, property taxes, insurance, and your down payment. Small changes in taxes/insurance can swing the result.
Is this a full 5-year rent vs buy model?
Not yet — it’s a quick monthly cash-cost comparison. You can extend it later with appreciation, rent growth, and opportunity cost.
Should I change the maintenance assumption?
Yes. 1% of home value per year is a common rule-of-thumb, but older properties or deferred maintenance can require more.