Rent vs Buy

Should you rent or buy your next home?

Compare the true costs of renting versus buying over time, including investments, appreciation, and all hidden costs.

years

Home Purchase

$
%
%
%/yr
$/mo
$/mo
%/yr
%/yr
%
%

Rent & Invest

$/mo
%/yr
%/yr

Cumulative Costs Over Time

Wealth Accumulation Over Time

Monthly Costs (Buying)

Principal$656
Interest$4,667
Property Tax$1,000
Insurance$150
Maintenance$833
Total Monthly$7,306

Monthly Costs (Renting)

Current Rent$2,500
Rent at Year 10$3,360
Current Monthly$2,500

Summary at Year 10

Total Spent (Buying)$1,146,462
Total Spent (Renting)$343,916
Net Worth (Buying)$576,782
Net Worth (Renting)$1,279,356

Renting wins by $702,574