Wealth Tools
Rent vs. Buy Calculator
Renting isn't wrong and buying isn't automatically right. Compare the monthly cost and the equity you'd build while you stay.
Your comparison
Adjust the inputs — results update instantly.
$
10%
6.500%
$
5 yr
Monthly cost to own
$3,385
$985 more per month than renting at $2,400.
Principal & interest
$2,560
Est. taxes + insurance
$825
Comparable rent
$2,400
Difference vs. renting
+ $985
Down payment
$45,000
Principal paid over 5 yr
$25,876
Equity after 5 yr
$70,876
Equity shown is your down payment plus principal paid down — it excludes any appreciation, and it excludes the costs of selling. Taxes and insurance assume 2.2% of price per year on a 30-year fixed loan.