Compare costs, evaluate benefits, and gain peace of mind with our rent vs buy calculator—empower your financial future with clarity and confidence.
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Deciding whether to rent or buy a home is a multi-faceted financial and lifestyle choice. This tool provides a side-by-side comparison to help you assess which option better aligns with your financial goals.
Total Buying Cost = Down Payment + Loan Interest + Property Taxes + Maintenance + Opportunity Cost - Home AppreciationTotal Renting Cost = Total Rent Paid + Rent Inflation Impact - Investment Returns on Saved CapitalSarah planned to live in San Francisco for 3 years. With high home prices and steep transaction costs, renting saved her $25,000 compared to buying—even though she could afford the down payment.
Miguel bought a home in Dallas and stayed for 10 years. Home appreciation, equity growth, and tax savings led to a financial gain of over $60,000 compared to renting and investing the difference.
Take control of your financial future—run your numbers now and see which path builds more long-term value for you.
| Scenario | Renting | Buying |
|---|---|---|
| Initial Costs | $2,500 (Deposit + First Month) | $45,000 (Down Payment + Closing) |
| Monthly Costs | $2,000 (Rent) | $1,600 (Mortgage) + $300 (Insurance & Taxes) + $150 (Maintenance) |
| 5-Year Total Cost | $126,000 | $130,000 - $20,000 (Appreciation) = $110,000 |
| Net Financial Position | $126,000 (No Equity) | $110,000 (with $50,000 in Equity) |
| High Maintenance Case | $126,000 | $110,000 + $15,000 (Extra Repairs) = $125,000 |
| Rent Control Scenario | $1,500/month avg = $90,000 | $110,000 (with Equity) |