Lifestyle

Rent vs Buy

Should you rent or buy? This calculator helps you compare the total cost of renting versus buying a home over time, so you can make an informed decision that fits your financial situation.

Buying a Home

Enter the home price, down payment, and mortgage details.

These are example values. Update them to reflect your personal situation.

Home Purchase Price

$50,000$10,000,000

Down Payment

$0$10,000,000

Mortgage Interest Rate (%)

Mortgage/Rent Term

years

Renting

Enter your current or expected monthly rent and how much it may increase each year.

Monthly Rent Payment

$500$100,000

Annual Rent Increase (%)

Should you rent or buy? This calculator helps you compare the total cost of renting versus buying a home over time, so you can make an informed decision that fits your financial situation.

Your Rent vs. Buy Comparison

Based on a 30-year comparison period.

Buying Costs Less

$0

comparison text

Loan Amount

Monthly Payment

Total Payments (30 Years)

Total Payments (5 Years)

Starting Monthly Rent

Final Year Monthly Rent

Total Rent Paid (30 Years)

Total Rent Paid (5 Years)

Cumulative Cost Over Time

This comparison shows total mortgage payments versus total rent paid over the same period. It does not include home appreciation, property taxes, insurance, maintenance, investment returns, or other costs. When buying, you build equity and own the home. When renting, you have flexibility but no ownership. Estimates only — not financial advice.