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Rent vs. Buy Analyzer

Make an informed housing decision by comparing the total 10-year cost of renting versus buying, including mortgage payments, taxes, insurance, maintenance, and home appreciation.

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Rent vs. Buy Analyzer

Compare the long-term costs of renting vs. buying a home over a 10-year horizon

Currency:

Monthly Rent ($)

Home Purchase Price ($)

Down Payment ($)

Mortgage Rate (%) Home Appreciation (%) Loan Term

10-Year Cost of Renting

$240,000

All rent payments are money spent with no equity built

Monthly Rent$2,000

Total Over 10 Years$240,000

Equity After 10 Years (Buying)

$266,283

Home value minus remaining mortgage balance

Home Value at Year 10$537,567

Remaining Loan Balance-$271,284

Verdict — 10-Year Comparison

🏠 Buying saves you $75,569 compared to renting!

Based on $240,000 in rent vs. $164,431 net cost of buying

Buying Cost Breakdown (10 Years)$430,714

Down Payment$80,000

Mortgage Payments (120 mo)$242,714

Property Taxes (est.)$48,000

Home Insurance (est.)$20,000

Maintenance (est.)$40,000

− Equity at Year 10-$266,283

= Net Cost of Buying$164,431

Monthly Mortgage

Principal & Interest$2,023

Property Tax$400

Insurance$167

Maintenance$333

Total Monthly$2,923

Key Assumptions

Loan Amount$320,000

Down Payment %20.0%

Home Value Year 10$537,567

Appreciation Total+$137,567

Rent vs. Buy Delta$75,569

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How it works — This calculator projects 10 years of costs assuming a 6.5% fixed-rate mortgage, 3% annual appreciation, and estimated costs of 1.2% taxes, 0.5% insurance, and 1% maintenance of home value.