Rent vs Buy Calculator

Compare renting vs buying over time with assumptions for rent growth, mortgage costs, taxes, maintenance, appreciation, and selling costs.

The information presented is for educational purposes only and does not constitute financial, investment, legal, or tax advice. Always consider your personal situation and consult a qualified professional before making financial decisions.

Rent vs Buy Calculator

This model compares net housing cost over time: renting includes down payment invested at your selected growth rate, and buying includes ownership costs plus home appreciation and selling costs.

Analysis horizon (years)Monthly rent (now)Rent growth (% / year)Home priceDown payment (%)Down payment investment growth (% / year)Mortgage rate (% / year)Mortgage term (years)Property tax (% / year)Home insurance (monthly)HOA (monthly)Maintenance (% / year)Home appreciation (% / year)Selling cost (% of sale price)

Down payment amount$110,000

Mortgage payment (P&I)$2,781

Owner cost / month (excl. principal, month 1)$3,476

Down payment investment value (end)$301,787

Rent net cost at horizon$351,187

Buy net cost at horizon$415,503

By year 15, renting is cheaper by $64,316. Renting remains cheaper through the selected 15-year horizon.

Rent net cost Buy net cost

Move cursor over the chart to inspect any point in time.

Year: 15.00Rent net cost: $351,187Buy net cost: $415,503Difference: Buy higher by $64,316

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