Rent vs Buy Calculator
Compare long-term cash outlay, equity, and monthly costs to see whether renting or buying a home fits your finances.
Inputs
Adjust housing assumptions to model your market.
Summary
Cash outlay considers down payment, closing costs, and monthly expenses.
Total owning cash outlay$320,582.48
Total rent paid$199,252.16
Equity after 7 years$225,224.77
Net owning cost$95,357.70
Buying may be more cost-effective.
Difference over 7 years: $103,894.45 saved by buying.
Monthly mortgage$1,773.60
Property tax + insurance + maintenance$879.17
Monthly ownership cost$2,652.77
Current rent$2,200.00
Down payment: $85,000.00 • Closing costs: $12,750.00This calculator highlights cash flow and equity differences. Factor in lifestyle preferences, local market trends, and investment returns on savings for a complete decision.