Rent vs Buy Calculator

Should you rent or buy? Compare the total cost of renting vs owning over your planned stay.

Renting

Monthly Rent

Annual Rent Increase (%)

State

Home Price

Down Payment: 20%

Interest Rate (%)

Expected Home Appreciation (%/yr)

How long will you stay? (7 years)

1 yr510152030

After 7 Years

Buying is Better

You'll save $74,133 by buying

Total Rent Cost

$165,509

7 years

Net Cost to Own

$91,377

After equity

Monthly Payment (PITI+M)$2,546

Home Value After 7yr$430,456

Estimated Equity$192,456

Total Paid Over 7yr$213,832

Starting Rent$1,800/mo

Rent After 7yr$2,214/mo

Total Rent Paid$165,509

Equity Built$0