Rent vs Buy Calculator
Free rent vs buy calculator. Compare total costs over time, including appreciation, taxes, maintenance, and opportunity cost of down payment.
Home Purchase Details
$
%
%
yrs
%
$
/yr
%/yr
$
/mo
Rental Details
$
%
$
/yr
%
%/yr
yrs
$60,685
Renting and investing builds $323,652 vs $262,967 in home equity
$2,954
Mortgage (P&I)$2,129
Property Tax$367
Insurance$125
Maintenance$333
$2,017
Rent$2,000
Renter's Insurance$17
Monthly Savings$937
$80,000
$537,567
Never
$210,076
Year-by-Year Comparison
| Year | Home Value | Equity | Invested (Rent) | Better Option |
|---|---|---|---|---|
| 1 | $412,000 | $95,251 | $97,635 | Rent |
| 2 | $424,360 | $111,096 | $116,504 | Rent |
| 3 | $437,091 | $127,565 | $136,695 | Rent |
| 4 | $450,204 | $144,685 | $158,298 | Rent |
| 5 | $463,710 | $162,489 | $181,414 | Rent |
| 6 | $477,621 | $181,008 | $206,148 | Rent |
| 7 | $491,950 | $200,278 | $232,613 | Rent |
| 8 | $506,708 | $220,335 | $260,931 | Rent |
| 9 | $521,909 | $241,217 | $291,231 | Rent |
| 10 | $537,567 | $262,967 | $323,652 | Rent |
Important Considerations
Not included: Closing costs (~2-5% buy), selling costs (~6-10%), tax benefits, opportunity cost.
Buying advantages: Forced savings, inflation hedge, stability, potential tax deductions.
Renting advantages: Flexibility, no maintenance, lower upfront costs, easier to relocate.
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