How This Calculator Works
This tool compares the true net cost of buying versus renting over your chosen time horizon.
For buying, it calculates your total mortgage payments, property taxes, insurance, maintenance, and closing costs — then subtracts the equity you build and home appreciation.
For renting, it totals your rent payments (with annual increases) and renter's insurance — then subtracts the investment returns you'd earn by investing the down payment and any monthly savings.
The result shows which option leaves you with more money at the end. This is a simplified model — your actual results will depend on tax benefits, local market conditions, and other personal factors.