Rent vs Buy Calculator - Home Ownership
Free rent vs buy calculator. Compare net financial cost of renting vs home ownership over holding period including equity, taxes, and maintenance.
Net Financial Advantage
Buying Wins!
Net benefit over 7 years: $71,200
Net Buy Cost (Minus Equity)$66,724
Total Renting Cost$137,924
Comparison Settings
Buying Inputs
Renting Inputs
7 Years
Buying Assets summary
Home Value in 7 years$356,238
Home Equity Earned$153,706
Total Buying Expenditures-$220,430
Net Buying Cost$66,724
Equity Impact
Buying cost includes down payments, mortgage premiums, tax, insurance, and maintenance. However, unlike renting, you build equity as the home appreciates (3.5% expected) and the mortgage principal is paid down.