Should I Rent or Buy?

The net present value of buying, owning, and selling a home; vs. renting, is shown below, with months of ownership on the x-axis.

A negative number means you are better off renting!

Five scenarios are prepopulated with some simple cases. Add your own data to see what's right for you.

3915243342516069788796105117129141153165177189201213225237249261273285297309321333345357Months of Ownership-90000090000180000270000Net Present Value of Purchasing
  • Baseline
  • 15 yr Mortgage
  • With a Roommate
  • 5% Interest Rate
  • 3% Interest Rate