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Rent VS Buy Calculator
Decide whether renting or buying a home is more financially beneficial for you. This calculator compares the costs associated with renting to those of buying a home, considering long-term growth in property value.
Live comparison
Compare renting and buying side by side
Adjust the assumptions and see which path leaves you in the stronger position.
10 years comparison
Buying comes out ahead by
Buy - net position
Rent - net position
Future house value
After 10 years at 3% growth
Total mortgage paid
Includes $185,895 interest
Total rent paid
Renter's final savings
Deposit plus everything not spent on renting, compounded
Both paths spend the same each year - the buyer on mortgage, insurance and maintenance, the renter on rent plus whatever is left over, which goes into savings. Net position = what you are left holding at the end, less that shared outlay: the home's value for buying, the savings balance for renting. Estimate only - it excludes tax, transaction and moving costs, and rate changes.
Net position over time
Where each path leaves you at the end of each year across the comparison horizon.
Rent vs Buy projection
Both paths pay the same each year, so the gap is simply the home's value against the renter's savings balance.
Year-by-year breakdown
| Year | House value | Insurance | Maintenance | Mortgage | Rent | Renter invests | Renter's savings |
|---|---|---|---|---|---|---|---|
| 1 | $824,000 | $2,400 | $4,000 | $94,589 | $19,600 | $81,389 | $122,585 |
| 2 | $848,720 | $2,472 | $4,120 | $94,589 | $18,746 | $82,435 | $208,686 |
| 3 | $874,182 | $2,546 | $4,244 | $94,589 | $19,308 | $82,071 | $296,997 |
| 4 | $900,407 | $2,623 | $4,371 | $94,589 | $19,888 | $81,695 | $387,572 |
| 5 | $927,419 | $2,701 | $4,502 | $94,589 | $20,484 | $81,308 | $480,469 |
| 6 | $955,242 | $2,782 | $4,637 | $94,589 | $21,099 | $80,910 | $575,745 |
| 7 | $983,899 | $2,866 | $4,776 | $94,589 | $21,732 | $80,500 | $673,460 |
| 8 | $1,013,416 | $2,952 | $4,919 | $94,589 | $22,384 | $80,077 | $773,673 |
| 9 | $1,043,819 | $3,040 | $5,067 | $94,589 | $23,055 | $79,642 | $876,448 |
| 10 | $1,075,133 | $3,131 | $5,219 | $94,589 | $23,747 | $79,193 | $981,847 |
Net position over time
Where each path leaves you at the end of each year across the comparison horizon.
Rent vs Buy projection
Both paths pay the same each year, so the gap is simply the home's value against the renter's savings balance.