Rent vs Buy

Model the true cost of owning a home against renting and investing the down payment. Adjust the assumptions to fit your situation.

10 years
130
Renting+ investing down payment
$
%
%
$100,000
Buying
$
$
%
%
%
$
$
$
%
After 10 years
Buying wins by $65,687

Renting

Total rent paid-$343,916
Down payment invested$100,000
Investment gains @ 12.5%+$224,732
Investment value at end$324,732
Net position-$19,184

Buying

Down payment-$100,000
Mortgage ($2,528/mo)-$303,393
Property tax-$25,000
Insurance-$36,000
HOA fees-$0
Repairs-$50,000
Total paid-$514,393
Sale price+$1,000,000
Cost of sale-$100,000
Mortgage payoff-$339,105
Cash after sale$560,895
Net position$46,503