Should you rent or buy a home? Enter your numbers and see which option saves you more money over 5, 10, 20 and 30 years.
⚠️This calculator provides estimates for educational purposes only. Real estate markets vary significantly by location and individual circumstances. Consult a licensed financial advisor or mortgage professional before making housing decisions.
🏢
Renting
Your rental costs
Monthly Rent
$
Annual Rent Increase
% / year
Renter's Insurance / Month
$
🏡
Buying
Your purchase costs
Home Purchase Price
$
Down Payment
%
Mortgage Interest Rate
% / year
Shared Assumptions
Home Appreciation
% / yr
Property Tax Rate
% / yr
Home Maint. Cost
% / yr
Home Insurance
$
Investment Return
% / yr
Closing Costs
%
How long will you stay?10 years
1 yr5 yrs10 yrs20 yrs30 yrs
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Our Verdict
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🏢 Renting
Renting
$0
Total cost over 10 years
Total rent paid—
Insurance—
Opportunity cost—
Down payment invested—
🏡 Buying
Buying
$0
Total cost over 10 years
Mortgage payments—
Property tax—
Maintenance—
Home equity built—
Home value at sale—
🕐 Breakeven Point
—
—
Winner at Each Time Horizon
Monthly mortgage payment—
Down payment required—
Closing costs—
Total upfront cash needed—
Equity after chosen period—
Home value after chosen period—
Mortgage loan amount—
Total interest paid—
thatsthetool.com · For educational purposes only · Always consult a licensed financial advisor