Rent vs. Buy Calculator
Compare the financial implications of renting versus buying a home
Renting Details
Buying Details
Comparison Settings
Comparison Results
Total Cost of Renting
$0
Total Cost of Buying
$0
Net Difference
$0
Cost Comparison Over Time
Wealth Accumulation
Detailed Cost Breakdown
| Category | Renting | Buying | Difference |
|---|---|---|---|
| Total Costs | $0 | $0 | $0 |
| Net Proceeds from Sale | – | $0 | $0 |
| Investment Opportunity | $0 | – | $0 |
| Net Result | $0 | $0 | $0 |
About Rent vs. Buy
When Renting Might Be Better
- Short-term living: If you plan to move within a few years
- Limited savings: When you can’t afford a down payment and closing costs
- Market conditions: In very expensive markets where prices may decline
- Flexibility: If you value mobility and don’t want maintenance responsibilities
- Investment opportunities: When you can earn higher returns elsewhere
When Buying Might Be Better
- Long-term living: If you plan to stay in the home for several years
- Building equity: When you want to build wealth through home appreciation
- Tax benefits: Mortgage interest and property tax deductions
- Stable payments: Fixed-rate mortgages provide payment stability
- Personalization: Freedom to modify your living space as you wish