Free tools
Rent vs buy calculator
An estimate based on your assumptions; results change a lot with prices and rates.
Renting is cheaper over this period
โ
- Cumulative rent
- $202,289
- Net cost of buying
- $203,217
| Year | Cumulative rent | Net cost of buying |
|---|---|---|
| 1 | $26,400 | $60,215 |
| 2 | $53,592 | $84,333 |
| 3 | $81,600 | $108,349 |
| 4 | $110,448 | $132,254 |
| 5 | $140,161 | $156,040 |
| 6 | $170,766 | $179,697 |
| 7 | $202,289 | $203,217 |
Assumptions & limits
- Rent cost = total rent with annual increases.
- Net buying cost = down payment + closing costs + mortgage payments + property tax + insurance + maintenance + HOA + lost return on the upfront cash โ net sale proceeds (appreciated value โ selling costs โ loan balance).
- Excludes tax deductions, PMI, investing the monthly payment difference and capital-gains tax.
- Nothing is stored.