Rent or Buy Calculator
Enter the total cost of renting and buying over your time frame to see which saves more.
- Free
- No sign-up
Enter both costs to see the saving.
Worked example
With these example inputs:
- Total cost of renting$120,000
- Total cost of buying$140,000
Saving from cheaper option: $20,000
- As a percentage16.67%
- Difference over five years$100,000
- Difference per month$1,667
Frequently asked questions
How does rent vs buy compare?
It weighs the full cost of renting against the full cost of owning over the same years. If renting totals 120,000 and buying 140,000, renting saves 20,000 over the period.
What should each total include?
Renting includes rent and renter's insurance, while buying includes mortgage interest, taxes, maintenance and lost equity growth, net of the value you keep at sale.