Rent vs buy comparison
Compare owning against renting-and-investing over your expected stay, including interest, upkeep, appreciation and selling costs.
$
3.0%
$
$
6.30%
10 yr
3.2%
1.2%
5.0%
Buying comes out ahead
$31,682
Difference in net position after 10 years
Home value then
$644,013
$337,386 still owed
Net position after the period
- Buying
- -$30,566
- Renting
- -$62,248
- Rent paid over the period
- $288,890
- Ownership costs (interest, upkeep, fees)
- $304,993
Buying includes closing costs, interest, upkeep and a 5% sale cost. Renting invests the deposit and any monthly saving at the return you set.
How this is calculated
- · Closing costs of 3% and selling costs of 5%
- · Steady appreciation and steady investment returns
Estimates only — not financial, tax or legal advice.