Rent vs Buy Calculator

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Buying
$
$50,000$2,000,000
%
%
%/yr
$/yr
%/yr
$/mo
%/yr
Renting
$
%/yr
%/yr
130

After 10 years, buying leaves you richer by

$22,947

Net worth if you buy

$259,102

Net worth if you rent

$236,155

Owning cost, month 1

$2,873

Buying breaks even

Year 8

Buy Rent and investNet worth by year

Assumes 3% buying costs, 6% selling costs and PMI under 20% down. The renter invests the down payment and any monthly savings; the owner invests savings once owning becomes cheaper than renting. Income tax effects are not included.

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