Planning tool
Rent vs. buy
Compare the true costs of renting and buying over your chosen time horizon.
Rent vs. buy compares what renting and buying the same home would cost you over the years you plan to stay. Each side is a net cost, so the cheaper path is the one with the lower figure, not the lower monthly payment.
Nothing you enter here is stored.
Your scenario
The fixed annual interest rate on the loan.
How long the mortgage is repaid over.
How long you plan to stay.
The yearly rate the home's value is expected to grow.
The yearly rate rent is expected to rise.
Annual taxes, maintenance and insurance as a % of home value.
The return your down payment would earn if invested instead.
Verdict
Buying wins
Saves $101,044.00 over the horizon.
Net cost to buy
$99,125.00
Net cost to rent
$200,169.00
Net cost over time
- Buy
- Rent
Buying becomes cheaper in year 1.
Real-world adjusters
Toggle common costs to make the comparison more accurate for your market.
Extra buy costs
Extra rent costs
This is a planning estimate using constant annual rates. The opportunity cost is modeled only on the down payment, and the comparison excludes closing costs, transaction fees and the finer points of tax treatment. Actual outcomes will vary.
Bring it all into one place.
Every currency you use and everyone in your household, in one place that's yours.
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