Rent vs Buy Calculator

See whether buying or renting comes out ahead over your time horizon — accounting for appreciation, mortgage paydown, rent increases, and ownership costs.

If you buy

Home price

Down payment

Mortgage rate

Amortization (yrs)

Closing costs (% of price)

Annual owner costs (% of price)

If you rent

Monthly rent

Annual rent increase

Assumptions

Home appreciation / yr

How many years?

After 7 years

Buying wins by $138,402

Break-even on buying happens around year 1.

If you buy

Total cash paid (down + payments + costs)$545,508

Home value in 7 yrs$922,405

Mortgage balance remaining− $495,954

Equity at sale$426,451

Net cost of buying$119,057

If you rent

Cumulative rent over 7 yrs$257,459

Excludes the opportunity cost of investing your down payment if you rent — a real factor that can swing the result. Use this as a directional estimate, not a prediction.

The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.