Rent vs Buy Calculator

Compare the 5-year net cost of renting vs buying so you can see whether owning makes financial sense.

Current monthly rent

Expected rent increase / year (%)

Home price

Down payment (%)

Interest rate (%)

Home appreciation / year (%)

Time horizon (years)

Renting (total)

$159,274

Starts at $2,500/mo

Buying (out-of-pocket)

$243,527

~$3,192/mo all-in at 6.500%

Equity built

$126,710

Includes appreciation + paydown

Buying net cost

$116,817

Out-of-pocket minus equity

Net advantage of buying over renting:

$42,457

Buying wins in this scenario.

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Calculator results are estimates for planning, not a loan approval, commitment, rate lock, or Loan Estimate.