Rent vs Buy Calculator
Compare the financial impact of renting vs buying
Buying is Better!
Over 10 years, you'd save $117,819.79
Break-even point
Year 1
Buying
Home Price$400,000
Down Payment$80,000
Interest Rate6.5%
Home Appreciation3%
Renting
Monthly Rent$2,000
Annual Rent Increase3%
Time Period10 years
Net Worth Comparison
Monthly Costs
Buying (Month 1)
$2,755.95
Renting (Month 1)
$2,000
After 10 Years
Home Equity$266,282.95
Total Buy Costs$423,596.26
Total Rent Paid$275,133.1
💡 Consider Also
- • Flexibility of renting
- • Tax benefits of owning
- • Transaction costs (6% when selling)