Rent vs Buy Calculator
Should you rent or buy? This calculator compares the long-term financial impact of renting versus buying a home. It accounts for mortgage payments, property taxes, maintenance, home appreciation, rent increases, and the opportunity cost of your down payment invested elsewhere.
Inputs
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Percent of home value per year
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Return on investing savings instead of buying
Results
Verdict
Renting is better
Net Difference
$14,608.09
Home Equity
$232,997.58
Investment Balance
$247,605.67
Net Worth: Buying vs Renting
Cumulative Costs
Yearly Breakdown
| Year | Rent Costs | Buy Costs | Home Equity | Investments |
|---|---|---|---|---|
| 1 | $21,600.00 | $100,737.49 | $83,629.63 | $84,551.77 |
| 2 | $43,848.00 | $131,705.97 | $97,783.86 | $99,722.34 |
| 3 | $66,763.44 | $162,912.39 | $112,486.17 | $115,543.44 |
| 4 | $90,366.34 | $194,363.87 | $127,761.28 | $132,048.72 |
| 5 | $114,677.33 | $226,067.77 | $143,635.19 | $149,273.84 |
| 6 | $139,717.65 | $258,031.67 | $160,135.28 | $167,256.65 |
| 7 | $165,509.18 | $290,263.36 | $177,290.37 | $186,037.30 |
| 8 | $192,074.46 | $322,770.87 | $195,130.83 | $205,658.39 |
| 9 | $219,436.69 | $355,562.49 | $213,688.66 | $226,165.17 |
| 10 | $247,619.79 | $388,646.73 | $232,997.58 | $247,605.67 |