Home Loans · Calculator

Rent vs Buy Calculator

Estimate the net cost of renting vs buying over your expected time in the home.

Home Loans · Calculator

Mortgage Snapshot

Rate

6.42%

P&I

$1.9k

LTV

78%

Trend · 12 mo▲ on track

PersonalizedUpdated today

Your inputs

Rent

Monthly rent

Annual rent increase

Renters insurance (mo)

Years in home

Buy

Home price

Down payment

Interest rate

Loan term

Property tax rate

Insurance (yr)

HOA (mo)

Maintenance % / yr

Home appreciation

Selling costs

Investment return

Your results

Net cost — renting

$180,132

7 years

Net cost — buying

$204,999

7 years

Breakeven year

Not reached

Estimated equity

$185,754

Home value $553,443

Cost over time

Year	Net rent	Net buy
1	$23,804	$57,551
2	$48,230	$83,221
3	$73,289	$108,488
4	$98,996	$133,326
5	$125,363	$157,710
6	$152,404	$181,611
7	$180,132	$204,999

Buying often becomes cheaper than renting after a breakeven point because you build equity and home values may appreciate. Shorter stays favor renting since selling costs and upfront fees haven't been amortized. These results are educational and depend on the assumptions you set.

Tailored Matching

Explore home loan options tailored to your criteria

Based on your home price, location, income, credit range, down payment, and goals, Finance Choices can help you compare mortgage, refinance, home equity, FHA, VA, and other home loan options from relevant partners.

Get My Tailored Match

Finance Choices calculators and simulators are for educational and informational purposes only. Results are estimates and may not reflect your actual loan terms, insurance premium, credit eligibility, interest rate, savings, repayment timeline, approval odds, or total cost. Finance Choices does not provide legal, tax, insurance, mortgage, or financial advice. Partner offers may vary based on credit profile, income, debt, location, property details, insurance history, lender criteria, underwriting guidelines, and other factors.