Rent vs. Buy Calculator
Should you rent or buy? Compare the long-term financial impact of renting versus purchasing a home with our comprehensive analysis.
Rental Details
$
Year 5: 2814 US$/mo
%
Home Purchase Details
$
80.000 US$
%
P&I: 2023 US$/mo
%
Ownership Costs
8800 US$/yr
%
1400 US$/yr
%
$
4000 US$/yr
%
Assumptions
annual
%
if renting & investing
%
yr
Our Recommendation
Buying is Better
Over 10 years, buying builds 13.294 US$ more wealth than renting.
Break-Even Point
Buying becomes more profitable than renting after year 1.
Monthly Cost (Year 1)
Rent2500 US$
Buy (all-in)3238 US$
Difference738 US$ more to buy
Monthly Cost (Year 10)
Rent3262 US$
Buy (all-in)3573 US$
Net Worth at Year 10
Buyer Equity266.283 US$
Renter Portfolio252.989 US$
Advantage13.294 US$ buyer
Cumulative Cost Over Time
Total amount spent on housing over the years
Wealth Accumulation
Buyer's home equity vs. renter's investment portfolio
Estimates are for informational purposes only. Actual rates, payments, and qualification requirements vary by lender, credit profile, and market conditions. Consult a licensed mortgage professional for accurate figures.