Rent vs Buy Calculator
Compare the long-term financial impact of renting versus buying a home.
Inputs
Interest Rate6.50%
Years to Compare10 years
Growth Assumptions
Home Appreciation3%/year
Rent Increase3%/year
Investment Return7%/year
Maintenance1%/year
Results
After 10 years
About even
Break-even at year 1
Net Worth After 10 Years
If Buying
-$22,771If Renting
-$59,396Difference
$36,625Buying Scenario
Home Equity
$299,568Total Housing Costs
$412,340Renting Scenario
Investment Value
$284,521Total Rent Paid
$343,916Note: This calculator provides estimates based on your inputs. Actual results may vary. Consider consulting with a financial advisor for personalized advice.