Rent vs Buy Calculator
The true cost of both over a period you choose, assumptions on the table.
Mortgage Information
Buying & Renting
After 7 Years — Buy Gain
+$62,805
What this calculation assumes
- Home and rent appreciation are compounded annually at the rates you set — both are guesses, and the answer is sensitive to them.
- Buying costs include maintenance, tax, insurance and the cost of selling at the end of the period.
- Renting assumes the deposit is not invested elsewhere; if you would invest the difference, the comparison shifts.
- Tax deductions, PMI removal and any rent-control or lease terms are not modelled.
Every rate, fee and premium on this page is illustrative and set by you, not quoted by us. Nothing here is an offer of credit or a commitment to lend.
Every input you change is written into the address of this page, so the link you copy reopens the calculator exactly as you left it.
Does buying beat renting?
It depends almost entirely on how long you stay and what you assume about rent growth and home appreciation. Buying carries costs renting does not — maintenance, taxes, and six per cent or so to sell — so short holds usually favour renting. Change the assumptions and watch the crossover year move.
More guides in the learning centerNumbers are a starting point.
Bring yours to a loan officer and we will tell you which parts hold up and which ones move.
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