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Rent vs Buy Calculator

Compare renting to buying a home

Buying

Home Price ($)

Down Payment ($)

Interest Rate (%)

Property Tax Rate (%)

Annual Appreciation (%)

Renting

Monthly Rent ($)

Annual Rent Increase (%)

Time Period (years)

Buying is better by

$93,293

over 7 years

Buying Costs

Monthly Payment$2,536

Total Cost (7yr)$283,062

Home Value After$430,456

Net Cost$90,607

Renting Costs

Starting Rent$2,000/mo

Rent in Year 7$2,388/mo

Total Cost (7yr)$183,899

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