Rent vs Buy Calculator
Compare the financial impact of renting versus buying a home. See break-even point, net worth projection, and total cost over time.
24.5Kuses
9.2/10(497)
Buying Details
Renting Details
After 10 years, you are better off...
Buying
Net worth difference: $35,047 in favor of buying
Break-even at year 1
Buying
Monthly Mortgage$1,769.79
Total Spent$381,634
Home Equity$232,998
Net Worth$232,998
Renting
Current Monthly Rent$2,000
Total Rent Paid$275,133
Investments$197,951
Net Worth$197,951
Net Worth Projection
How to Use the Rent vs Buy Calculator
- Enter the home purchase price, down payment, mortgage rate, and loan term.
- Add property tax rate, insurance, and maintenance costs.
- Enter your monthly rent and expected annual rent increase.
- Set investment return rate (for money saved by renting) and time horizon.
- View the net worth projection and break-even analysis.
Features
- Full net worth projection comparing renting vs buying
- Break-even point calculation
- Interactive chart with buy vs rent comparison
- Accounts for home appreciation, rent increases, and investment returns
- 100% client-side -- no data sent to any server
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Disclaimer: This tool is provided as-is for informational and educational purposes only.