Buy vs. Rent Calculator

Is It Better to Buy or Rent?

Compare the true long-term cost of buying versus renting over your chosen time horizon.

Over 7 Years

Buying saves you $121,350

Net cost: Buy $163,044 vs. Rent $284,394

Buying

Home Price

Down Payment

Interest Rate

Loan Term

Property Tax Rate

Monthly Insurance

Monthly HOA

Annual Appreciation

Annual Maintenance

Renting

Monthly Rent

Annual Rent Increase

Investment Return (on down pmt)

Time Horizon

Years to Compare

yrs

Buy Summary

Monthly Payment$3,370

Total Paid$283,087

Equity Built$210,043

Net Cost$163,044

Rent Summary

Total Rent Paid$229,874

Opportunity Cost$54,520

Net Cost$284,394

Talk to Suella

Disclaimer: This calculator provides estimates for comparison purposes only. Results depend on actual home appreciation, investment returns, tax situations, and local market conditions. Contact Suella Hughes for personalized guidance.