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Rent vs. Buy Calculator
Compare the true cost of renting vs. buying over time, including equity, appreciation, and break-even point.
🏠Renting
$
%
National avg ~3%
$
🏡Buying
$
$
20.0% of home price · Loan: $320,000
%
$
$
$
%
Typically 1% of home value per year
$
Typically 2–5% of loan amount
%
Historical avg ~3–4%
7 years
1 yr10 yrs20 yrs30 yrs
Over 7 years…
🏠 Renting saves more
Net difference: $25,334 in favor of renting
Break-even
Beyond 7 yrs
Monthly — Renting
Rent$2,000.00
Renter's Insurance$20.00
Total$2,020.00
Monthly — Buying
Principal & Interest$2,075.51
Property Tax$400.00
Home Insurance$100.00
Maintenance$333.33
Total$2,908.85
After 7 Years
Total Rent Paid
$185,579
Total Buy Cost
$332,343
incl. closing & down payment
Home Value
$491,950
Home Equity
$201,430
* This calculator provides estimates for informational purposes only. Results are based on assumptions and may not reflect actual outcomes. Not a loan commitment or guarantee of any specific rate or terms.