Rent vs Buy Calculator
True cost comparison including taxes, PMI, HOA, maintenance, and opportunity cost
Calculations run locally in your browser. Data is only saved to cloud if you sign in and choose to save it.
Monthly Rent
$2,020
Monthly Buy Cost
$2,906
Breakeven
Year 7
Equity at Yr 10
$266,283
Renting
$2,000
3%
$20
7%
Buying
$400,000
20%
$80,000
6.5%
1%
3%
10 years
Cumulative cost over time
Rent (total spent) Buy (net cost after equity)
Yr 1: Rent $24,240 | Buy $95,718
Yr 2: Rent $49,200 | Buy $110,597
Yr 3: Rent $74,902 | Buy $124,594
Yr 4: Rent $101,367 | Buy $137,663
Yr 5: Rent $128,619 | Buy $149,758
Yr 6: Rent $156,682 | Buy $160,826
Yr 7: Rent $185,579 | Buy $170,814
Yr 8: Rent $215,336 | Buy $179,666
Yr 9: Rent $245,979 | Buy $187,321
Yr 10: Rent $277,533 | Buy $193,715
Year 1Year 10 · $277,533 max
At year 10
| Rent | Buy | |
|---|---|---|
| Total spent | $277,533 | $379,998 |
| Equity built | $0 | $266,283 |
| Net cost (spent - equity) | $277,533 | $193,715 |
| Winner | Buying saves $83,818 | |
Monthly payment breakdown (buying)
Principal & Interest$2,023
Property Tax$400
Home Insurance$150
HOA$0
Maintenance$333
Total$2,906
This is purely for educational/informative purposes only. This is not financial advice. Results depend on assumptions that may not match real-world conditions. The user should do their own assessment and due diligence.