Free calculator

Rent vs Own

See which option builds more wealth over time — including the money renting frees you up to invest. Change any number below and the verdict updates instantly.

The verdict

Calculating…

Your numbers

Defaults are reasonable national averages — swap in your own city's prices and rents.

Buying

Home price $

Down payment %

Mortgage rate % / yr

Loan term years

Property tax % / yr

Home insurance $ / yr

Maintenance % / yr

HOA $ / mo

Home appreciation % / yr

Closing costs (buy) %

Selling costs (later) %

Renting

Monthly rent $

Annual rent increase %

Renter's insurance $ / yr

Investment return % / yr

Years to compare years

Net worth over time

Buying assumes you sell at the end of the period. Renting assumes you invest the down payment, closing costs, and any monthly savings versus owning.

Net worth if you buy

Net worth if you rent

Buy — home equity, after selling costs Rent — invested savings

This is a simplified model for general planning — it doesn't account for taxes on investment gains, mortgage interest deductions, refinancing, or moving costs beyond a single sale. Consult a financial advisor for decisions specific to your situation.