Rent vs Buy Calculator
Compare the lifetime financial impact of renting vs buying a home. See which option makes financial sense for your situation.
Compare Rent vs Buy
Home Buying Costs
Renting Costs
Analysis Period
Total Renting Cost
$268,881
10 years of rent payments
Total Buying Cost
$84,825
After home appreciation
Buying is Better
Save $184,056 by buying
That's 68.5% cheaper than renting
Home Value After 10 Years
$403,175
Down payment: $60,000
Home Equity Built
$265,211
Wealth created through homeownership
Break-Even Point
Year 3
After this point, buying is financially better than renting.
Year-by-Year Comparison
| Year | Rent Cost | Buy Cost | Difference |
|---|---|---|---|
| 1 | $24,000 | $63,800 | -$39,800 |
| 2 | $48,600 | $67,330 | -$18,730 |
| 3 | $73,815 | $70,582 | +$3,233 |
| 4 | $99,660 | $73,547 | +$26,113 |
| 5 | $126,152 | $76,218 | +$49,934 |
| 6 | $153,306 | $78,584 | +$74,721 |
| 7 | $181,138 | $80,638 | +$100,500 |
| 8 | $209,667 | $82,369 | +$127,298 |
| 9 | $238,908 | $83,768 | +$155,140 |
| 10 | $268,881 | $84,825 | +$184,056 |
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