Rent vs Buy Calculator

Compare total costs over your planned stay. Buying builds equity; this compares out-of-pocket costs.

Assumptions

Monthly rent ($)

Home price ($)

Down payment ($)

Mortgage rate (%)

Property tax rate (% per year)

Expected appreciation (% per year)

Years planning to stay

Rent

Total cost renting (5 yrs): $120,000
Total cost buying (5 yrs): $225,357
Recommendation: Rent