SimpliHaven Rent vs Buy Calculator
Compare the long-term financial impact of renting versus buying a home to make an informed decision.
Home Purchase Details
Renting Details
Additional Assumptions
Return on invested savings
For tax deduction calculation
+$31,404
You would build more wealth by renting and investing
Buyer Final Wealth
$129,825
Net proceeds from home sale
Renter Final Wealth
$161,229
Investment portfolio value
Buying Summary
Renting Summary
Year-by-Year Comparison
| Year | Buy Cost | Rent Cost | Home Equity | Investments |
|---|---|---|---|---|
| 1 | $22,439 | $21,840 | $71,683 | $74,607 |
| 2 | $22,708 | $22,488 | $83,815 | $80,227 |
| 3 | $22,987 | $23,155 | $96,417 | $92,246 |
| 4 | $23,275 | $23,843 | $109,510 | $106,064 |
| 5 | $23,574 | $24,551 | $123,116 | $121,954 |
| 6 | $23,883 | $25,280 | $137,259 | $140,223 |
| 7 | $24,204 | $26,032 | $151,963 | $161,229 |
How SimpliHaven Calculates This
This calculator compares total costs and wealth accumulation between buying and renting. For buyers, it tracks mortgage payments, taxes, insurance, maintenance, and equity growth. For renters, it assumes the down payment is invested and grows at the specified rate. The comparison accounts for home appreciation, tax benefits, and selling costs.
Free Homebuyer Checklist
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