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Rent vs Buy Calculator: Net Worth, Mortgage & Investment Tradeoff

Rent vs Buy Calculator

Net Worth, Mortgage & Investment Tradeoff

Inputs

Purchase Setup

$

Loan Amount

$360,000

Down Payment: 20.0%

$

Equivalent: 20.0%

%
years

Rent Setup

$
$/ mo
years
%

Ownership Costs

%
$
$/ mo
%
%
%

Market Assumptions

%
%
%
%

Results

Net Worth Advantage

$75,570

Renting wins · over 10 years

Decision Summary

Buy

$263,283

Net Sale Proceeds: $263,283

Rent

$338,853

Renting wins

Renter Investment Value: $338,853

Cash Needed to Buy

$103,500

Monthly P&I: $2,275

Initial Monthly Gap

+$1,272

Renting starts cheaper

Break-even Year

Not reached

First year buying net worth catches renting

Final Net Worth Comparison

$263,283
$338,853
Buy
Rent

Net Worth Timeline

Net Worth Timeline: Buy: $263,283, Rent: $338,853$0$84,713$169,426$254,140$338,8530246810
  • Buy
  • Rent

Decision Summary

Buy Net Worth
$263,283
Rent Net Worth
$338,853
Net Worth Advantage
$75,570
Final Home Value
$604,762
Net Sale Proceeds
$263,283

Buying Breakdown

Total Buy Cash Outflow
$581,206
Total Interest
$218,247
Total Property Tax
$62,906
Total Maintenance
$52,422
Total PMI
$0
Selling Costs
$36,286

Renting & Investing

Total Rent Cash Outflow
$310,969
Total Rent
$306,786
Total Renter Insurance
$4,183
Renter Investment Value
$338,853
Buyer Surplus Investment
$0