Rent vs Buy Calculator
Compare the true cost of renting vs buying over time. Factor in appreciation, investment returns, tax benefits, and maintenance.
Buying Scenario
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Total Rent Cost
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Total Buy Cost
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Home Equity Built
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Renter Investments
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Better Option
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Net Difference
Rent vs Buy Guide
Key Factors
The decision depends on: how long you'll stay, local market appreciation, mortgage rates, rent trends, your investment returns, tax benefits, and lifestyle flexibility. Generally, buying becomes better after 5-7 years in most markets.
Hidden Costs of Buying
Beyond the mortgage: property taxes (1-2%/year), homeowner's insurance, maintenance (1-2%/year), HOA fees, closing costs (2-5%), and selling costs (5-6% agent commissions). These add up significantly.