Housing decision scenario
Rent vs. buy calculator
Compare projected homeowner net equity with a renter's invested funds using adjustable housing, growth and investment assumptions.
01
Home purchase
Enter the price, financing and non-mortgage monthly ownership costs.
02
Rent and future assumptions
Small changes in growth assumptions can materially change the comparison.
Projected 5-year wealth difference
Buy +$14,481
After modeled investment growth and home selling costs
Projected owner net wealth$358,107
Projected renter investments$343,626
Monthly mortgage payment$4,021
Mortgage balance at end$633,072
Projected home value$1,043,347
Rent in final year$3,952/mo
This is a scenario, not a forecast. It excludes income tax, opportunity costs not entered, major repairs, market volatility and differences in lifestyle or property quality.
Read the result carefully
The result is driven by assumptions, not certainty.
- Home prices and investment returns can be volatile and may differ significantly from the entered averages.
- Ownership includes transaction costs, upkeep and less flexibility; renting may have different lifestyle and stability trade-offs.
- Run conservative and optimistic scenarios instead of relying on a single result.