BASED ON YOUR NUMBERS
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Total cost of buying$0
Total cost of renting$0
Difference$0
Rent vs Buy: How This Calculator Works
This compares total cost of buying (down payment, mortgage interest, ownership costs) versus renting over the same period.
Why Timeline Matters Most
Buying has upfront costs that take time to break even against renting. Short stays favor renting; long stays favor buying as you build equity.
Simplified Factors
This doesn't include closing costs, maintenance details, appreciation, or rent increases — use it as a starting point.
Frequently Asked Questions
Does this include home appreciation?
No, this simplified version doesn't factor in potential appreciation.
What about maintenance costs?
Many homeowners budget 1-2% of home value annually, estimated here.
Is buying always better long-term?
Generally yes, since upfront costs spread over more years and you build equity.