Rent vs. Buy Calculator
See which makes sense for your timeline
MONTHLY OWNERSHIP COST
$2,309
Principal & Interest: $1,547
Property Tax: $442
Insurance: $100
Maintenance: $221
MONTHLY RENT
$1,500
Assumes 3% annual increase
BUYING WINS
Save $69,847 by buying
Total Cost to Buy
$25,718
Total Cost to Rent
$95,564
Equity After 5 Yrs
$120,797
This is a simplified comparison. Actual costs vary by market, credit, and personal circumstances.