Rent vs Buy Calculator
Compare the long-term costs of renting versus buying to find out which makes more sense for you.
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Your Scenario
Enter your current rent and the home you're considering.
Home Purchase
Renting
Time Horizon
Analysis Results
Over 5 years, the better choice is:
Buying
You could save $45,000 by buying
Total Cost of Renting
$145,200
over 5 years
Net Cost of Buying
$100,500
after equity & appreciation
Break-Even Point
Buying becomes cheaper than renting after approximately 3.5 years.
Year-by-Year Comparison
Year
Rent Cost
Buy Cost
Wealth Building (if Buying)
Equity Built
$112,000
Home Appreciation
$63,500
Total Wealth Gain
$175,500