Rent vs Buy Calculator

Compare the true net cost of renting versus buying over time.

Buying

Home price$450,000

Down payment20%

Mortgage rate6.5%

Loan term30 yrs

Home appreciation3%/yr

Monthly rent$2,200

Rent growth3%/yr

Time horizon10 yrs

Buying wins by $127,578 over 10 years

Net cost of buying

$175,069

Net cost of renting

$302,646

Monthly mortgage (P&I)$2,275

Break-evenYear 1

Net cost over time

Buying Renting