Rent vs Buy Calculator
Compare the total costs of renting versus buying a home over 5 and 10 years.
Monthly Buy Cost
$2,411
Mortgage + Tax + Maintenance
5-Year Comparison
Total Rent
$114,677
Total Buy
$214,687
10-Year Comparison
Total Rent
$247,620
Total Buy
$359,375
About Rent vs Buy
This calculator compares total costs of renting (with 3% annual increases) versus buying (including mortgage, property tax, and maintenance). The comparison does not include equity built, tax deductions, or home appreciation, which generally favor buying over longer time periods.
The right choice depends on your local market, how long you plan to stay, and your financial situation. Buying often makes more sense over 7+ years as equity offsets the higher upfront costs.