Rent vs Buy Calculator
Should you rent or buy a home? Compare the long-term financial impact of both options!
After 10 years, you're better off
🏢 Renting
by $2,962
🏠 Buying Net Worth
$266,283
Home equity after 10 years
🏢 Renting Net Worth
$269,245
Investment portfolio value
Monthly Cost (Buying)
$2,881
Mortgage: $2,023
Property Tax: $400
Insurance: $125
Maintenance: $333
Monthly Cost (Renting)
$2,000
Savings vs buying: $881/mo
Can be invested at 7% return
🏠 Buying Details
🏢 Renting Details
Features
- Complete cost comparison
- Home appreciation modeling
- Investment opportunity cost
- Customizable timeframe
- Net worth projection
How to Use
- 1Enter home price and down payment
- 2Set mortgage details
- 3Enter current rent and increases
- 4Choose comparison timeframe
- 5See which option builds more wealth
Frequently Asked Questions
What costs are included?
Buying includes mortgage, taxes, insurance, and maintenance. Renting includes rent increases and investment returns on savings.
Is this advice?
This is a calculator for educational purposes. Consult a financial advisor for personalized advice.