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Compare the financial outcomes of renting vs. buying a home over time. This calculator accounts for appreciation, rent increases, and investment returns to help you make an informed decision.

Renting Scenario

Current Monthly Rent

Annual Rent Increaseⓘ

Investment Return (if renting)ⓘ

Buying Scenario

Home Price

Down Payment

Interest Rate

Property Tax Rateⓘ

Insurance Rateⓘ

Maintenance Rateⓘ

Appreciation Rateⓘ

Comparison Period

Years to Compare

After 7 Years

Renting wins by $22,460

Investing the down payment and savings yields better returns over 7 years

Buyer Net Wealth

$150,208

Home equity

Renter Net Wealth

$172,668

Investment portfolio

Monthly Costs

Current Rent

$1,500

Starting amount

Buying Total

$2,322

P&I + Taxes + Ins + Maint

Buying Breakdown:

Principal & Interest$1,597

Property Taxes$375

Insurance$100

Maintenance$250

Buying Details at Year 7

Home Value

$368,962

+23% appreciation

Remaining Mortgage

$218,754

Total Equity

$150,208

Down Payment

$60,000

Initial investment