Rent vs. Buy Decision Tool
Buying isn't always better than renting. Use our advanced calculator to factor in maintenance, taxes, and investment returns to see which is the smart move for your wallet.
Buy Scenarios
Rent Scenarios
The Verdict After 10 Years
Buying is Better
Buy
Rent
Buying will cost you roughly $89,281 less than renting over 10 years.
Monthly PITI
$2,411
Equity in 10y
$213,710
The "Hidden" Costs of Buying
- ✔Maintenance: Expect to spend 1% of your home's value every year on repairs and upkeep.
- ✔Property Taxes: These never go away and often increase over time as your home value rises.
- ✔Closing Costs: Buying and selling a home can cost 5-10% in fees alone.
The Opportunity Cost of Renting
While you don't build equity when renting, you do have more liquidity. If you invest your down payment in the stock market instead, your net worth could potentially grow faster than through home appreciation. This calculator helps you compare that "Opportunity Cost."
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