Worked Example: Rent $2,000/mo vs buy $400k home
Inputs
- Monthly Rent$2,000
- Home Price$400,000
- Horizon10 years
Results
- Total Rent (10 yr)~$240,000+
- Net buy costDepends on rate, down payment, appreciation
Buying builds equity but adds maintenance, taxes, and opportunity cost on the down payment. Run both sides with your local assumptions.
How Rent vs Buy Calculator Works
Compares cumulative rent payments vs mortgage, down payment, and home equity appreciation over your timeline.
Frequently Asked Questions
Is buying always better?
Not always — depends on local prices, rent costs, how long you stay, and appreciation rates.
Disclaimer
- This calculator gives you an estimate only. It is not a promise of exact results.
- This is general information, not personal financial, tax, or legal advice.
- You are responsible for your own decisions. Talk to a qualified professional when it matters.
- Property costs like stamp duty, taxes, and maintenance are often not included here.
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