Rent vs Buy Calculator
Compare the total cost of renting versus buying a home over time including mortgage, taxes, maintenance, and opportunity cost.
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Renting
Buying
Total Rent Cost
$275,133
Total Buy Cost
$616,906
Future Home Value
$537,567
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Frequently Asked Questions
Is it always better to buy a house?
Not always. In markets with high home prices and low rent, or if you plan to move within a few years, renting can be financially smarter.
What is opportunity cost?
Opportunity cost is the return you could have earned by investing your down payment elsewhere instead of putting it into a house.
How long should I plan to stay in a home for buying to make sense?
Generally, you should plan to stay at least 5-7 years. Closing costs, realtor fees, and early mortgage interest mean short-term ownership often costs more than renting.