Compare buying versus renting a home with monthly costs, equity buildup, and break-even timing. Free buy vs rent calculator, instant results.
Savings by Buying
$30,590.95
Includes mortgage principal and interest, down payment, closing costs, property tax, insurance, maintenance, appreciation, and remaining equity. It excludes selling costs, rent growth, investment returns, tax effects, HOA fees, and PMI.
Compare buying versus renting a home with monthly costs, equity buildup, and break-even timing. Free buy vs rent calculator, instant results.
Loan amount = home price × (1 − down payment). The mortgage payment uses the standard amortizing-loan formula. Net buy cost = down payment + closing costs + mortgage payments + property tax + insurance + maintenance − estimated equity. Equity = appreciated home value − remaining balance. Savings = total rent − net buy cost.
A $300,000 home with 20% down, a 5% 30-year mortgage, and $1,500 monthly rent, using the other default costs over 5 years. Net buy cost is $59,409.05 and rent totals $90,000, so buying saves $30,590.95.
Includes mortgage principal and interest, down payment, closing costs, property tax, insurance, maintenance, appreciation, and remaining equity. It excludes selling costs, rent growth, investment returns, tax effects, HOA fees, and PMI.
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