Real Estate
Rent vs Buy Calculator
Over your time horizon, which really costs less?
Your numbers
Cheaper option-
Total cost of renting-
Net cost of buying-
How it works
Renting cost is simply rent over the years you stay. Buying nets your cash out (down payment, mortgage, and ~2%/yr in taxes & upkeep) against the equity you build through appreciation and paying down the loan. Assumes a 30-year mortgage; excludes closing and selling costs.
Buy cost = cash out − home equity at the end
Estimates only, for education. See our disclaimer.