Rent vs Buy Calculator

Compare the total cost of renting versus buying over a given time period. This calculator accounts for rent increases, home appreciation, equity buildup, and the opportunity cost of your down payment.

Renting

Current Monthly Rent

Annual Rent Increase

Investment Return (on savings)i

Buying

Purchase Price

Down Payment

Interest Rate

Property Tax Rate

Annual Insurance

Maintenance (% of value/yr)

Annual Appreciation

Time Horizon

Hold Period

Comparison (7 years)

Buying builds more wealth

$44,885

More equity from buying vs investing down payment

Renting Costs

Total Rent Paid

$137,924

Down Payment Invested

$80,289

$50,000 at 7%/yr

Buying Outcome

Monthly Payment

$1,976

Home Value

$307,468

Remaining Mortgage

$182,295

Equity Built

$125,174

Note: This is a simplified comparison. Actual results depend on tax benefits, selling costs (5-6%), HOA fees, and market conditions. Use as a directional guide, not a precise forecast.