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Rent vs. Buy
True cost comparison including opportunity cost of your down payment, home appreciation, and rent increases.
Not financial advice. This rent vs. buy calculator is for educational and illustrative purposes only. Results are estimates and do not account for all individual circumstances. Always consult a licensed mortgage professional, financial advisor, or real estate lawyer before making any financial decisions.
Buying
$
Renting
$
Return if down payment invested instead
Over 10 years, buying comes out ahead
$132,688 cheaper
Monthly Cost Comparison
Buying (all-in)$4,596/mo
Renting (incl. insurance)$2,425/mo
Upfront to buy$141,475
Break-even Point
Year 3buying becomes cheaper
Cumulative Net Cost
Yr 1
$35,998 buy
$29,100 rent
Yr 3
$81,628 buy
$89,918 rent
Yr 5
$122,402 buy
$154,403 rent
Yr 7
$157,932 buy
$222,779 rent
Yr 10
$200,471 buy
$333,160 rent