Free calculator
Rent vs. buy calculator
Buying isn't always cheaper. See which one wins over the time you actually plan to stay, once equity and selling costs are counted.
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Assumes 3% rent growth and home appreciation, 1% yearly maintenance, 3% buying and 6% selling costs, 30-year loan. Estimates only.
Over 7 years
Buying wins by $44,890
Net cost to buy $157,399 vs net cost to rent $202,289.
Net cost to rent$202,289
Net cost to buy$157,399
Home value at exit$491,950
Your equity at exit$202,618
"Net cost to buy" counts your payments, taxes, insurance, and upkeep, minus the equity you walk away with after selling. Shorter stays favor renting because closing and selling costs dominate.
Leaning toward buying?
Before you commit, get an honest read on what you can actually afford. Buyer Check turns your real numbers into a price you can live with.