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RentOrOwn
Side-by-side comparison of renting vs buying over your time horizon — including equity build-up and opportunity cost of the down payment.
A rule of thumb says renting costs ~5% of the home's value per year (1% maintenance + 1% taxes + 3% lost return on the down payment). If rent is below that, renting wins; above it, buying wins.
Estimate monthly payments with taxes, insurance, and amortization.
OpenProperty price, down payment, tenure — EMI, processing fee, and stamp duty & registration.
OpenCompare loan terms and see total interest paid.
OpenProject growth from deposits and compounding interest.
OpenBuying wins
by $145,851
over 10 years
What you entered
Down payment & loan amount
20% of $450,000.00= $90,000.00 down, $360,000.00 loanMonthly mortgage payment (P&I)
amortizing-loan formula at 6.5% over 10 years= $4,087.73/moTotal cost of buying
down payment + total P&I + 10yrs tax/maintenance + 6% closing costs − final home equity= $97,264.89Total cost of renting
10yrs of rent (3%/yr inflation) − growth on the down payment left invested instead= $243,116.10Buying wins
$97,264.89 vs $243,116.10= by $145,851.21Result
Buying wins: by $145,851
Over 10 years, buying comes out ahead by $145,851 — but this is sensitive to how long you stay, home appreciation, and what you'd actually do with the money you didn't put into a down payment. Re-run this if any of those assumptions feel off.