Buyer Tools
Rent vs. Buy Calculator
See the year your purchase would start beating renting — including the equity you build, not just the checks you write.
$2,200
3%
$450,000
20%
6.5%
1.8%
$1,800
1%
3%
10 years
The Verdict
Year 8
Buying is estimated to overtake renting in year 8. Over your planned stay, owning comes out ahead.
Estimated principal & interest: $2,275/mo
Net cost after 10 years
Renting$302,646
Buying (after equity)$271,216
Year by year
Year 1Year 10
Rent Buy
These are simplified educational estimates — not financial, tax, or investment advice. Assumes a 30-year fixed loan, ~2% buyer closing costs, and ~6% selling costs when computing walk-away equity. Taxes, insurance, and appreciation vary by property.Want real numbers for a real home? Talk it through with Ela — no obligation.