Interactive tool
Rent vs. buy calculator
Move the sliders to see how renting and buying compare over time — including the year buying tends to come out ahead. It even accounts for appreciation, rent growth, taxes, and insurance.
$400,000
10%
$2,200/mo
6.80%
30 yrs
7 yrs
Over 7 years
Buying looks cheaper
You could be ahead by $9,119 vs renting. Buying tends to win after year 7.
Cost of buying (net) Cost of renting
~Monthly to own
$3,167
Monthly to rent (now)
$2,200