Rent vs Buy
Compare the long-run financial outcome of renting versus buying. We model the down payment as money the renter could invest instead.
Your numbers
Illustrative example rate. Not an available or quoted rate.
Annual, as % of home price
Annual, as % of home price
Annual, as % of home price
Annual assumption
What the down payment would earn if invested
Plain-English summary
Over the next 30 years, renting and investing the difference comes out ahead in this scenario. The math is sensitive to your assumed rent growth, home appreciation, and investment return.
Monthly ownership
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Mortgage Payment Calculator
Estimate your full monthly payment including principal, interest, taxes, insurance, HOA, and PMI.
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See the home price you can comfortably afford based on income, debts, and target debt-to-income ratio.
Open calculatorClosing Costs Calculator
Estimate the cash you will need at the closing table beyond your down payment.
Open calculatorCan I Qualify?
Walk through the qualification questions a loan officer asks first to get a directional answer.
Open calculatorFrequently asked questions
When does buying beat renting?
Why include maintenance costs?
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More buying a home calculators
Mortgage Payment Calculator
Estimate your full monthly payment including principal, interest, taxes, insurance, HOA, and PMI.
Open calculatorAffordability Calculator
See the home price you can comfortably afford based on income, debts, and target debt-to-income ratio.
Open calculatorClosing Costs Calculator
Estimate the cash you will need at the closing table beyond your down payment.
Open calculatorCan I Qualify?
Walk through the qualification questions a loan officer asks first to get a directional answer.
Open calculator