Rent vs Buy Calculator
Compare the total cost of renting versus buying a home over time. See when buying breaks even and the long-term financial impact.
Rent vs Buy
Strong Buying Advantage
After 10 years, you'd be $52,231 better off buying! You'll break-even in year 5.
Amount: $70,000
Annual: $4,200
Annual amount
Monthly amount
Annual: $3,500
Amount: $10,500
Buying Summary
Year 5: $2,319
Annual amount
One-time (refundable)
Renting Summary
Rent vs Buy Considerations
- Time horizon: Need to stay 5+ years for buying to typically make sense
- Job security: Stable income needed for mortgage approval and payments
- Lifestyle flexibility: Renting offers easier relocation, buying builds equity
- Market timing: Consider local real estate market conditions
- Hidden costs: Buying includes maintenance, repairs, and transaction costs
- Opportunity cost: Down payment could be invested elsewhere
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