Rent vs. Buy Calculator

Buying ($1.3M / 15yr) builds $590K more wealth by year 10

Rent

$4,900

per month (year 1)

$1M

15yr

$5,092

+$192 vs rent

30yr

$3,810

-$1,090 vs rent

$1.1M

15yr

$5,912

+$1,012 vs rent

30yr

$4,360

-$540 vs rent

$1.3M

15yr

$7,415

+$2,515 vs rent

30yr

$5,381

+$481 vs rent

$1M / 15yr: Year 3

$1M / 30yr: Year 3

$1.1M / 15yr: Year 2

$1.1M / 30yr: Year 3

$1.3M / 15yr: Year 2

$1.3M / 30yr: Year 3