Rent vs. Buy Calculator — Compare Costs Over Time — Calculator
Compare the true financial cost of renting vs. buying a home over your planned timeline. Accounts for appreciation, equity, taxes, and maintenance.
Rent vs. Buy
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Over 7 years: Buying saves you
▲ $29,658
Net Cost to Buy (7 yrs)
$155,641
Net Cost to Rent (7 yrs)
$185,299
Projected Home Equity
▲ $201,196
Future Home Value
▲ $491,950
Total Monthly Buy Cost
$3,153/mo
Estimated Closing Costs
▼ $12,000
Scenario Comparison
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After 7 Years
Buying saves you $30K
Home Equity
$201K
Home Value, Equity & Sunk Rent Costs Over 30 Years
Buying Cost (7 yrs)
Renting Cost (7 yrs)
Monthly Cost Breakdown
Total Monthly Buy
$3,153/mo
P&I + taxes + insurance + maintenance
Upfront Closing Costs
$12,000
One-time cost at purchase
TIP
Stay > 4 yrs
After this point buying is cheaper
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