Rent vs buy calculator

Which is cheaper over your time horizon — renting or buying? Enter your numbers and find out.

Your situation

$
%
% (30-yr fixed)
$
Your current rent. We'll assume 3% annual rent increases.
% per year
4.0%
US avg ~4% historically. Adjust for your market.
years
10 yrs
How long do you plan to stay?
$
$

The verdict

🏠
Over your time horizon
Enter your numbers to see the verdict
Total cost of buying
Total cost of renting
Net buy cost (after equity)
Total rent paid
Home equity built
Home value at sale
Mortgage payments total
Year by year

Calculate to see year-by-year comparison.

Estimates only. Does not account for investment returns on saved down payment, tax deductions, selling costs, or HOA fees. Buying costs include 2.5% closing costs and 6% selling costs at end of period. Maintenance assumed at 1% of home value per year. Always consult a licensed professional.
Calculate exact mortgage payments →
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