Rent vs. Buy Calculator
Compare the long-term wealth impact of homeownership versus renting.
Home Buying Details
Home Price
$
Down Payment
$
Interest Rate
%
Rental Details
Monthly Rent
$
Years Staying
Investment Return (Opportunity Cost)
%
Understanding the Math
This calculator doesn't just look at your monthly payment. It looks at your Net Opportunity Cost.
- Buying Costs: Includes mortgage interest, property taxes (1.2%), insurance (0.5%), maintenance (1%), and 6% selling costs, minus the home's appreciation (3%).
- Renting Costs: Includes total rent paid (increasing 3% annually) plus the "Opportunity Cost"-this is the money you would have made if you invested your down payment in the stock market instead.