Rent vs. Buy Calculator
Compare the long-term costs of renting versus buying a home to make an informed decision.
Home Purchase Details
$
$
%
30 years
15 years30 years
Ownership Costs
%
%
%
Rental Details
$
%
Investment Assumptions
%
%
Buying Costs
Monthly Mortgage$2,022.62
Total Monthly Cost$2,922.62
Total Ownership Cost$1,132,142.36
Home Equity$650,904.99
Net Cost of Buying$481,237.37
Renting Costs
Total Rent Paid$1,141,809.98
Investment Value$1,139,937.81
Net Cost of Renting$1,872.17
Recommendation
Better OptionRent
Savings$479,365.21