United States · USD. This page uses a shared calculation model and may include US-specific assumptions. Selecting a country changes formatting, not local tax, eligibility or contribution rules. Amounts are not converted between currencies.
Input Parameters
Results
Rent vs Buy Over Time
- Rent Total
- Buy Net Cost
- Home Equity
Choose a chart point to read its values.
View chart data table
Total Cost Comparison
- Total Rent$23,616 (25%)
- Buy Net Cost$72,509 (75%)
Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the inputs provided and standard financial formulas. Consult a qualified financial advisor before making financial decisions.
About This Calculator
The Rent vs Buy Calculator compare the true financial cost of renting vs buying. It's built for anyone working with real estate who wants fast, accurate numbers without building a spreadsheet.
Sources & Model Limits
United States · USD. This page uses a shared calculation model and may include US-specific assumptions. Selecting a country changes formatting, not local tax, eligibility or contribution rules. Amounts are not converted between currencies. Read our methods and correction policy.
How It Works
Enter your current monthly rent, home purchase price, down payment, mortgage rate (%), loan term (years), annual appreciation (%), comparison period (years), and the calculator instantly computes your financial recommendation, total rent cost, buy net cost, home equity, home value. For example, with Current Monthly Rent: $2,000, Home Purchase Price: $400,000, Down Payment: $80,000, Mortgage Rate (%): 7%, Loan Term (Years): 30, Annual Appreciation (%): 3%, Comparison Period (Years): 10, the financial recommendation comes out to Renting.
Key Benefits
- 1See your financial recommendation update instantly as you adjust any input
- 2Compare different scenarios side by side before making a decision
- 3Visualize the breakdown with a chart instead of raw numbers alone
- 4Export your results as a PDF report or CSV file for your records
Practical Tips
- →Always budget for maintenance and vacancy, not just the mortgage payment
- →Location and rental demand affect these numbers more than any single input
- →Get multiple quotes for insurance and closing costs — they vary significantly by provider
- →Model a range of scenarios rather than relying on a single assumption