Compare the total cost of renting versus buying a home over a number of years.
Rent vs Buy Calculator
Financial
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Enter your current rent and expected yearly rent increase.
Enter the home price, down payment, rate, appreciation, and yearly ownership costs.
Set how long you plan to stay and click Calculate.
Net cost of buying = down payment + mortgage payments + ownership costs − equity at the end (home value minus remaining loan). This is compared with the total rent paid over the same period. Assumes a 30-year fixed mortgage and ignores investment returns on the down payment.
Often 5+ years, because closing costs and early interest take time to offset.