Rent vs Buy Calculator
Buying builds equity but comes with closing costs, upkeep and selling costs. Renting keeps your down payment free to earn a return. This compares both over the years you expect to stay.
Results
How it works
Buying net cost = down payment + closing costs + mortgage payments + property tax + insurance + maintenance + selling costs - sale price + remaining loan balance. Renting net cost = rent paid - what the down payment and closing costs would have earned at your return rate. Everything is summed month by month with no discounting.
FAQ
What does a negative buying cost mean?
Your home's growth and paid-down loan more than covered every cost of owning, so buying came out ahead in cash terms.
Are tax deductions included?
No. Mortgage interest and property tax deductions depend on your return. Leave them out for a cautious comparison.
Why does the stay length matter so much?
Closing and selling costs are paid once, so a short stay spreads them over few years and favors renting.
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Estimates, not tax or financial advice. Check important numbers with a qualified professional.