home
Home Buying
Rent vs. Buy Calculator
Compare the true long-term cost of renting versus buying to find your financial break-even point and see which makes more sense for your situation.
home
Buying Details
$
$100k$2M
$
%
0%100%
%
1%15%
Ongoing costs
% / yr
U.S. avg ~1.1%
$
Per month
% / yr
Of home value
$
Per month
Appreciation & selling
% / yr
%
Agent fees, etc.
apartment
Renting Details
$
$500$10,000
% / yr
$
Per month
Investment assumption
% / yr
If renting, the down payment could be invested instead. This estimates that opportunity cost.
10 years
1 year30 years
After 10 years
Buying saves more
—
Total Cost Over 10 Years
True cost of buying
—
True cost of renting
—
Break-Even Point
—
years until buying becomes cheaper than renting
Buying — What You're Paying For
Renting — What You're Paying For
Results are estimates for illustrative purposes only. Consult a financial advisor for personalized guidance.