Rent vs Buy Calculator
Compare the costs of renting versus buying a home over time.
Disclaimer: This calculator is for educational and informational purposes only. Results are estimates and should not be considered financial advice. Consult a qualified financial professional for personalized guidance.
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Break-Even Estimate
Renting stays cheaper over the full 10-year window at these inputs.
Simplified estimate. Excludes equity build-up, maintenance, HOA fees, tax deductions, and home price appreciation.
Monthly Cost Breakdown
Renting
$1,500/mo
- Rent$1,500
- Annual increase3.0%
- Upfront costSecurity deposit only
Buying
$2,270/mo
- Mortgage (P&I)$1,770
- Property tax$350
- Insurance$150
- Down payment$70,000
Total Cost After 10 Years
Renting
$206,350
With 3.0% annual rent increases
Buying
$342,375
Includes $70,000 down payment
Difference: $136,025 more to buy over 10 years (cash out only, does not credit home equity).