Rent vs Buy Calculator
Should you keep renting or start building equity?
The rent vs buy decision is one of the biggest financial choices you'll make. This calculator compares the true cost of renting versus buying over time, factoring in mortgage payments, home appreciation, maintenance costs, and rent increases to help you make an informed decision.
Monthly mortgage payment: $1,770 (principal & interest) vs $2,000 rent
Total Spent
Equity Built (Buying)
$143,635
Net Cost (Total Spent - Equity)
Rent
$127,419
Buy
$51,134
Buying saves $76,285
Total Spent
Equity Built (Buying)
$232,998
Net Cost (Total Spent - Equity)
Rent
$275,133
Buy
$89,501
Buying saves $185,632
Total Spent
Equity Built (Buying)
$849,542
Net Cost (Total Spent - Equity)
Rent
$1,141,810
Buy
$24,097
Buying saves $1,117,713
This calculator provides estimates for educational purposes only. It does not account for property taxes, insurance, HOA fees, closing costs, tax benefits, or opportunity cost of the down payment. Consult a financial advisor for personalized advice.
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