Rent vs Buy Calculator
Calculated in your browser — we never store your dataIndustry-standard financial formulas
Renting
Buying
Of home value per year
Annual home value increase
After 10 Years
Buying is Cheaper
You save approximately $86,898 by buying
Buying breaks even at year 1
Renting
$247,620
Total cost over 10 years
No equity built. All payments are pure cost.
Buying
$160,722
Net cost (total - equity)
Total Payments:$392,250
Home Equity Built:-$231,528
Cumulative Cost Comparison
| Year | Rent (Cumulative) | Buy (Cumulative) | Home Equity | Buy Net Cost |
|---|---|---|---|---|
| 1 | $21,600 | $100,893 | $83,484 | $17,409 |
| 2 | $43,848 | $132,059 | $97,491 | $34,568 |
| 3 | $66,763 | $163,506 | $112,045 | $51,461 |
| 4 | $90,366 | $195,243 | $127,170 | $68,073 |
| 5 | $114,677 | $227,278 | $142,894 | $84,384 |
| 6 | $139,718 | $259,620 | $159,244 | $100,376 |
| 7 | $165,509 | $292,279 | $176,251 | $116,028 |
| 8 | $192,074 | $325,263 | $193,945 | $131,318 |
| 9 | $219,437 | $358,584 | $212,359 | $146,225 |
| 10 | $247,620 | $392,250 | $231,528 | $160,722 |
This calculator provides estimates for informational purposes only. Actual results may vary based on lender terms, fees, and tax situations. Consult a financial advisor for personalized advice.
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