Rent vs. Buy Calculator

Is buying cheaper than renting in the long run? Enter your current rent, expected home price, and a few other details to compare the real cost of each option.

Rent vs. Buy Comparison

Find out when buying starts to make more financial sense than renting.

Current Monthly Rent

Home Price to Compare

Down Payment: 20%

Interest Rate (%)

Expected Annual Appreciation (%)

Annual Rent Increase (%)

Time Horizon: 7 years

1 year30 years

Break-Even Point

Year 1

Buying becomes cheaper than renting after 1 year

Renting (7yr)

$137,924

Total rent paid

Buying (7yr)

$93,470

Net cost of ownership

Home equity at year 7$151,963

Estimated home value$368,962

At 7 years, buying saves you $44,454

Ready to make the move?

Get a Personalized Analysis from Isaac

These numbers are a starting point. Isaac can walk you through the details for your situation.