Rent vs Buy Calculator
Compare the financial outcomes of renting vs buying a home over time. Accounts for appreciation, investment returns, taxes, and maintenance.
Financial Disclaimer
This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.
Better Option
Renting
Inputs
Comparison
Advantage Amount
$10,329.00
Monthly Mortgage (P&I)
$2,022.62
Monthly Rent
$2,000.00
Buy: Net Wealth
$266,283.00
Rent: Net Wealth
$276,612.00
Future Home Value
$537,567.00
Total Buy Cost
$438,596.00
Total Rent Cost
$275,133.00
How to Use This Calculator
- Enter the Home Price you're considering and your Down Payment percentage.
- Set the Mortgage Rate and Loan Term from your lender.
- Enter your current or expected Monthly Rent.
- Set the Time Horizon for how long you plan to stay.
- Expand advanced options to fine-tune appreciation, taxes, insurance, and investment return assumptions.
- Review the recommendation, wealth comparison chart, and total costs to make an informed decision.
Formula
Compares net wealth from buying (home equity) vs renting (invested savings) over a given time period, factoring in appreciation, maintenance, taxes, insurance, and investment returns.Related Calculators
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