Rent vs Buy Calculator

Find out if buying a home or renting makes more financial sense

Home Price

Down Payment %

Mortgage Rate %

Property Tax %

Insurance/mo

HOA/mo

Monthly Rent

Annual Rent Increase %

Investment Return %

Home Appreciation %

Time Horizon (years)

After 10 years

Renting wins by $24,525

Monthly Buy Cost

$3,175

$2,275 mortgage + $900 other

Monthly Rent Cost

$2,025

$2,000 rent + $25 insurance

Monthly Difference

-$1,150

Renting is cheaper/mo

Home Value$634,769

Down Payment$90,000

Closing Costs$13,500

Home Equity$327,470

Down Payment Invested$103,500

Investment Return7% annual

Portfolio Value$351,995