Rent vs Buy Calculator
Compare the cost of renting and owning over time. Change the numbers and the result updates instantly.
How it works
Buying has costs beyond the mortgage: property tax, insurance, repairs and the interest you give up on your down payment. Renting has rent increases but no upkeep. This calculator compares total cost and the equity you build over the number of years you plan to stay.
Example
A common rule is that buying beats renting if you stay at least five to seven years, because closing and selling costs take years to recover.
Tips
- Change one input at a time to see what moves the result most.
- Use realistic rates. Check current averages before you decide.
- Results are estimates and do not replace advice from a licensed professional.
Frequently asked questions
Is this calculator free?
Yes. There is no sign-up and nothing is stored on our servers; the math runs in your browser.
How accurate is it?
It uses standard formulas, but real offers include fees, rate changes and taxes that can differ. Treat the result as an estimate.
Sources and method
Page last updated November 2026. See our editorial policy and disclaimer.