Rent vs Buy Calculator

Compare the estimated long-term cost of renting with buying a home using your own assumptions.

Your assumptions

Initial cash to buy

$90,000

Total rent paid

$127,420

Cost difference

$36,590
Results are estimates. Transaction costs, maintenance, insurance, investment returns and local market conditions can materially change the comparison.

Year-by-year comparison

Compare cumulative rent, estimated buy cost and home equity each year.

YearCumulative rentNet buy costHome equityHome value

How this rent vs buy calculator works

The calculator estimates rent growth, mortgage payments, property tax, loan payoff and home value growth. It compares cumulative rent against ownership costs less estimated equity. It is for planning only, not financial advice.