Compare total cost of buying a home versus renting over a planning horizon.
Also known as: compare buying versus renting calculator, rent vs buy calculator, compare buying versus renting, mortgage finance, mortgage compare buying versus renting
Results update when you click Compare Rent vs Buy.
Lower net cost
Buying
Buying
Best value
Simplified comparison — excludes taxes, transaction costs, investment opportunity cost, and local market nuances.
Cumulative cost over time
Compare total cost of buying a home versus renting over a planning horizon. Rent cost = sum of growing rent. Buy net cost = down + PITI/maintenance − ending equity.
Rent cost = sum of growing rent. Buy net cost = down + PITI/maintenance − ending equity.
7-year horizon often favors buying when appreciation and equity buildup offset higher carrying costs.
Not in this simplified model — add mortgage interest/property tax deductions separately if relevant.