Mable Tools
Rent vs. Buy Calculator
See the real financial difference between renting and buying over time. Adjust the inputs to match your situation.
Your Numbers
Adjust sliders or type to update results instantly.
Break-Even Point
5 yrs
After this point, buying is cheaper than renting
Monthly Cost Comparison
Buying includes P&I + est. property tax, insurance & maintenance (1.5% of home value/yr)
Total Cost Over Time
| Horizon | Rent | Buy (gross) | Buy (net equity) |
|---|---|---|---|
| 5 years | $178K | $308K | $-32522 |
| 10 years | $385K | $544K | $-82095 |
| 20 years | $903K | $1.02M | $-21939 |
Net equity = projected home value minus remaining loan balance minus total buying costs. Estimates only — not financial advice.
Beyond the Numbers
Building Equity
Every mortgage payment builds ownership. After 30 years, you own your home outright — renters have nothing to show for it.
Stability & Roots
Owners can customize their home, stay as long as they want, and build roots in a community without fear of rent increases or eviction.
Tax Benefits
Mortgage interest and property taxes may be deductible. Consult a tax advisor for your specific situation.
Flexibility of Renting
Renting offers mobility — ideal if you might relocate within 2–3 years. Buying has high transaction costs that take time to recoup.
Inflation Hedge
A fixed mortgage payment stays the same while rent and inflation rise. Over decades, your real housing cost decreases.
Opportunity Cost
A large down payment invested elsewhere might outperform home appreciation. The math depends on your local market.