Rent vs Buy

Compares cumulative rent against buying's net cost (payments minus equity built).

Monthly Rent

Annual Rent Increase (%)

Home Price

Down Payment (%)

20%

Mortgage Rate (%/yr)

6.0%

Years to Compare

Annual Home Appreciation (%)

Closing Costs (% of price)

Monthly Tax + Insurance + Maintenance

Buying pays off starting year 1 — before that, renting is the cheaper option once you count the equity you'd be building.

How this is calculated

Compares total cost of renting (rent growing annually) against buying (mortgage payments + ownership costs − equity built and appreciation) over your time horizon.