Rent vs. Buy Calculator
Financial Decision Tool

Rent vs. Buy

Compare the true long-term cost of renting versus owning a home

Buying Costs
$
20%
%/yr
years
%/yr
$ /yr
%/yr
Renting Costs
$
$ /yr
%/yr
Note: If you rent, the down payment capital stays invested. This tool compares your total out-of-pocket and opportunity costs over your time horizon.
Market Assumptions
3.5%/yr
3.0%/yr
7 years
Your Result
—
Adjust the inputs above to see your comparison.
Total Buy Cost
—
Total Rent Cost
—
Difference
—
Monthly Buy
—
Monthly Rent (yr 1)
—
Home Value at End
—
Buying —
Renting —
Methodology: Buy cost = mortgage payments + property tax + insurance + maintenance – home equity gained (home value – remaining mortgage). Rent cost = rent paid + renter's insurance – investment gains on down payment capital. Closing costs estimated at 3% on purchase and 6% on sale. All figures in today's dollars.
Disclaimer: This calculator is intended for educational and entertainment purposes only. The results are estimates based on the inputs you provide and simplified assumptions — they do not account for your full financial picture, tax situation, local market conditions, or other personal factors. This tool does not constitute financial, legal, or investment advice. Before making any major financial decisions, please consult a qualified financial advisor, mortgage professional, or other licensed expert.
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