Tools
Rent vs. buy calculator
See exactly when buying beats renting in your situation — year by year.
Your situation
Assumptions
Buying wins after year 4
Over 10 years, buying saves you $48,200
Total cost of buying
$0
Net of equity & appreciation
Total cost of renting
$0
Including investment gains on savings
Cumulative cost over time
Buying
Renting
Buying cost breakdown
This model accounts for: mortgage P&I, property tax (TN 0.46%), insurance (0.5%), maintenance (1%/yr), PMI if applicable, closing costs at purchase (3%) and sale (6%), opportunity cost of down payment at your specified investment return, home equity accumulation, and appreciation. For education only.