Rent vs Buy Calculator
Compare renting and owning over the years you actually expect to stay, including rent growth, appreciation, and the equity you build along the way.
If you buy
= $100,000
Illustrative — not a quoted rate.
Per year, share of price.
Per year, share of price.
Per month.
Per year, share of price. Repairs and replacement.
Commission, title and transfer at the end.
Per year. Assumption, not a forecast.
If you rent
Per year.
Buying is ahead after 7 years by
$62,805
Buying moves ahead in year 4 on these assumptions
Two assumptions drive most of this answer: how long you stay, and what you assume about home values. Change them and watch it move.
Solid = rent paid so far. Dashed = the net cost of owning, after the sale proceeds are subtracted. Where the dashed line drops below the solid one, buying is ahead.
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A calculator cannot see your credit file, your assets or the property. A loan officer can.