Rent vs. Buy Calculator

Compare the long-term financial impact of renting versus buying a home.
Rent vs. Buy Calculator

Rent vs. Buy Calculator

Compare the long-term cost of renting with the estimated cost and equity impact of buying a home.

Rent or Buy Snapshot

Adjust the assumptions below to compare total renting cost, homeownership cost, projected equity, and the break-even point.

Analyzing
Better Option
-
Based on estimated net cost
Net Difference
$0
Lower estimated cost wins
Projected Equity
$0
Estimated home equity at sale
Break-even
-
Approx. year buying becomes better

Renting Assumptions

$1,800
$
3.00%
%
$20
$
$1,800
$
Included as upfront cash tied up while renting.

Buying Assumptions

$300,000
$
$30,000
$
6.50%
%
30 years
yrs

Ownership Costs

1.25%
%
$1,800
$
1.00%
%
$0
$

Time & Market Assumptions

7 years
yrs
3.00%
%
3.00%
%
6.00%
%
Cost Comparison

Detailed Results

Estimated Monthly Mortgage$0
Total Renting Cost$0
Gross Buying Cost$0
Estimated Sale Proceeds$0
Net Buying Cost$0

Decision Read

Short Stay

Tests a shorter timeline where renting often stays more flexible.

Base Case

A balanced comparison using the values currently shown.

Long Stay

Tests a longer ownership period where equity may become more important.

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