Free Rent vs Buy Calculator

How it works

Renting looks cheaper month-to-month — until you count equity, appreciation, and the costs nobody mentions. Enter your numbers for an honest side-by-side over 5 years.

Everyday uses

• The 5-year test: buying usually needs 5+ years to beat renting because closing costs and early mortgage interest are so front-loaded.
• Job mobility: if you might move within 3 years, renting almost always wins — selling costs (6%+ agent fees) erase early equity.
• Hidden ownership costs: property tax, insurance, and maintenance typically add 2–4% of the home’s value per year on top of the mortgage.