Rent vs Buy Calculator

Compare the costs of renting versus buying a home over time.

Rent Scenario

Monthly Rent

Annual Rent Increase

Expected yearly rent increase

Buy Scenario

Home Price

Down Payment

Mortgage Rate

Property Tax Rate

% / year

Home Appreciation

% / year

Expected annual home value increase

Comparison Period

Time Period

years

How long do you plan to stay?

Related Calculators

Estimate your monthly mortgage payment including principal, interest, taxes, and insurance.

See how extra payments can help you pay off your mortgage faster and save on interest.

Calculate if refinancing your mortgage makes sense and find your break-even point.

🏢 Renting May Be Better

Over 5 years, renting could save you approximately $275,338.43

Renting

Over 5 years

Monthly Rent (Now)

Monthly Rent (Year 5)

Total Rent (5 years)

Buying

Over 5 years

Monthly Payment

Future Home Value

Equity Built

Net Cost to Buy