Rent vs. Buy Calculator
Compare the long-term costs of renting versus buying a home to make an informed decision.
Shared Assumptions
%
%
Buy
$
$
%
30 years
15 years30 years
%
%
%
Monthly Mortgage$2,023
Total Monthly Cost$2,923
Total Ownership Cost$1,132,142
Home Equity$650,905
Net Cost of Buying$481,237
Rent
$
%
Total Rent Paid$1,141,810
Investment Value$1,139,938
Net Cost of Renting$1,872
Recommendation
Better OptionRent
Savings$479,365