Rent vs. Buy Calculator
Find the break-even point and see which option saves more money over time.
Renting
Monthly Rent
$
Annual Rent Increase
%
Renter's Insurance
$
Per month
Buying
Home Price
$
Down Payment
%
= $70,000
Mortgage Rate
%
Loan Term
30 years
20 years
15 years
10 years
Property Tax Rate
%/yr
Home Insurance
$
Per month
HOA Fees
$
Per month (enter 0 if none)
Assumptions
Years to Compare
5 years
10 years
15 years
20 years
30 years
Home Appreciation
%/yr
Historical avg ~3-4%
Investment Return
%/yr
If down payment was invested
Annual Maintenance
% of value
Rule of thumb: 1%/yr
Closing Costs
% of price
Typically 2–5%
PMI Rate
%/yr
Applied if down payment < 20%
Calculate
Cumulative Net Cost Over Time
Year-by-Year Breakdown
Year
Home Value
Equity Built
Net Cost: Buy
Net Cost: Rent
Advantage