What does it leave out?
Tax deductions and what your down payment could have earned elsewhere.
Rent vs Buy Calculator
Which costs less over time.
Renting costs less by
$0- Cost of renting
- $0
- Cost of buying
- $0
How it’s calculated
- Rent rises 3% a year
- Buying = payments + 2% a year for tax and upkeep + down payment − what you keep when you sell, after 6% selling costs
Example: Over 10 years, $2,000 of rent costs $275,133 and buying a $400,000 home costs $168,685, so buying wins.
About the Rent vs Buy Calculator
The cost of renting against buying over the years you plan to stay.
How to use this tool
- Enter your rent.
- Enter the home, loan and rate.
- Enter how long you plan to stay.