Money.Holdings
L5

Compliance Level 5: Investment Simulation

Monte Carlo / wealth simulation with inherent uncertainty

Buy vs. Rent Calculator

Compare the true long-term cost of buying a home against renting and investing the difference.

$
%
%
30 years
$
7 years
%
%
Renting Wins By
$87,140.61
Net Cost of Buying
$153,106.35
Net Cost of Renting
$65,965.74

Year-by-year comparison

YearHome ValueHome EquityRent Paid to DateInvestments if Renting
1$412,000.00$95,576.72$24,000.00$95,306.88
2$424,360.00$111,752.98$48,720.00$111,099.42
3$437,090.80$128,555.63$74,181.60$127,393.78
4$450,203.52$146,012.89$100,407.05$144,206.69
5$463,709.63$164,154.50$127,419.26$161,555.51
6$477,620.92$183,011.74$155,241.84$179,458.19
7$491,949.55$202,617.57$183,899.09$197,933.35

Important Disclaimer

This calculator provides estimates for educational purposes only. Results are based on the inputs you provide and standard financial formulas. They do not constitute financial, investment, tax, or legal advice. Consult a qualified professional before making financial decisions.

Frequently Asked Questions

Buying only wins if home equity growth (appreciation plus principal paydown) outpaces what you'd have earned investing the down payment and any monthly savings from renting instead. When rent is far below the true cost of owning, investing the difference can outperform.

Mortgage principal and interest, property tax, insurance, and maintenance — not just the mortgage payment most people quote. This is why owning often costs meaningfully more per month than the mortgage payment alone suggests.

Yes — a default 6% selling cost (agent commissions and closing costs) is deducted from the home's value when calculating what the buyer walks away with at the end of the period.

How long you stay. Buying has large upfront costs (down payment, closing costs) that get amortized over time — the longer you stay, the more those costs are spread out, which is why buying tends to look better the longer the time horizon.

Sources & References

  1. Is It Better to Rent or Buy?The New York Times (methodology reference) (2023)

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⚠⚠ Critical Investment Warning

This calculator provides estimates for educational purposes only. Results are based on the inputs you provide and standard financial formulas. They do not constitute financial, investment, tax, or legal advice. Consult a qualified professional before making financial decisions.