Calculator

Rent vs Buy Calculator

Compare the true total cost of renting vs buying a home. See your break-even year, net equity, and which option wins.

🏠Rent vs Buy Calculator

đŸĸ Renting

$
%
$

🏡 Buying

$
%
%
yrs
% / yr
$
% / yr
% / yr
%
years

💡Recommendation

🏡

Buying is better over 10 years

After 10 years, buying gives you $289,640 in equity. Net cost ($156,380) beats renting ($276,933).

✅ Break-even: Buying becomes cheaper after year 2

📊After 10 Years

$276,933
Total Rent Cost
All rent + insurance
$446,020
Total Buy Cost
Mortgage + tax + fees
$289,640
Home Equity
Home value $564,240
$156,380
Net Buy Cost
Buy cost minus equity
$2,129
Monthly Mortgage
$80,000
Down Payment
$12,000
Closing Costs

📋Year-by-Year Breakdown

ℹī¸What This Calculator Includes

Rent side includes:

  • Monthly rent with annual increase
  • Renter's insurance

Buy side includes:

  • Down payment + closing costs (upfront)
  • Monthly mortgage (P+I)
  • Property taxes (% of current value)
  • HOA fees
  • Maintenance (% of home value/yr)
  • Home appreciation & equity buildup

⚠ī¸ This calculator simplifies many factors. It does not include investment opportunity cost on the down payment, mortgage interest deduction, PMI (for <20% down), or selling costs. Always consult a financial advisor for major decisions.

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