Rent vs Buy Calculator
Compare the cost of renting versus buying.
This calculator estimates rent costs and homeownership costs over a chosen time horizon, including appreciation, taxes, and maintenance.
Your information
Use realistic assumptions for appreciation and taxes.
Results
Output based on the inputs above.
Total rent cost
$202,289
Total homeownership outlay
$259,558
Estimated equity at end
$193,007
Net cost of buying
$66,551
Estimated monthly mortgage payment
$2,158
Over 7 years, renting costs about $202,289 vs owning net cost of $66,551.
Definitions
- USD
- United States dollars.
Assumptions
- Mortgage costs include principal + interest only.
- Property taxes and maintenance are applied annually.
- Home appreciation increases equity over the horizon.
Last updated: 2026-02-01
FAQ
Does this include closing costs?
Yes, closing costs are included in the buy-side total.
Does this include maintenance?
Yes, maintenance is estimated using the annual rate you enter.
What about tax benefits?
Tax deductions are not included. Adjust assumptions if you expect significant tax benefits.