Mondo Knows Tools
Rent vs Buy Calculator
A simple long-run comparison of renting and buying. Use the free rent vs buy calculator below to get an instant answer, with the formula shown so you can check the maths and trust the result. Free, private, and no sign-up.
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Mondo says
Buying wins (estimate)
$164,153.27
Home value after term$564,239.50
Mortgage paid$242,714.12
Rent paid$240,000.00
Growth on invested down payment$77,372.11
A rough comparison. It ignores taxes, maintenance, insurance, closing costs and rent increases.
Rent vs Buy Calculator: common questions
- What does the Rent vs Buy Calculator work out?
- A simple long-run comparison of renting and buying. It is one of the Money & Finance tools on Mondo Knows.
- How is the Rent vs Buy Calculator calculated?
- You get an instant answer with the working shown underneath.
- Do I need to sign up, and is my data stored?
- No sign-up, and nothing you type is sent anywhere. The calculation runs in your own browser, so the figures stay on your device and the page works offline once loaded.
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Estimates for general guidance only. This is not financial, medical or legal advice. Everything runs in your browser and nothing you type is stored.