Mortgages
Rent vs. Buy Calculator
Long-term comparison of renting vs. buying with equity.
Inputs
Results
You save by BUYING
$177,280.68
Over 10 years — about $1,477.34/month better off
Plain-English summary
Buying wins
In plain English: over 10 years, buying leaves you about $177,280.68 richer than renting — roughly $1,477.34 per month better off by owning.
Buying net position
$10,407.92
Renting net position
-$166,872.76
Home value in 10 yrs
$634,769.44
Loan balance in 10 yrs
$307,083.58
Total rent paid
$343,916.38
Monthly P&I
$2,334.95
Net position after horizon
$10,407.92Buy
$0.00Rent + invest
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