Calculators Rent vs. Own Calculator

Rent vs. Own Calculator

Compare the financial and lifestyle trade-offs of renting versus buying a home side by side.

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Renting

Monthly Payment (Year 1) $1,800
Total Paid (5 Years) $113,400
Total Paid (10 Years) $241,068
Total Paid (15 Years) $385,344
Equity Built $0
Often Better Long-Term

Buying

Monthly Payment (Year 1) $2,015
Total Paid (5 Years) $120,900
Total Paid (10 Years) $241,800
Total Paid (15 Years) $362,700
Equity Built (15 yr) $215,000

Net Cost Comparison

Total cost of each option after accounting for equity, appreciation, and tax benefits.

5-Year Net Cost Rent: $113K vs Buy: $98K
10-Year Net Cost Rent: $241K vs Buy: $193K
15-Year Net Cost Rent: $385K vs Buy: $148K

Beyond the Numbers

Renting — Pros

  • Flexibility

    Easier to relocate for a job or lifestyle change — no home to sell.

  • Lower Upfront Costs

    Security deposit and first month vs. a full down payment and closing costs.

  • No Maintenance Costs

    Landlord handles repairs, replacements, and property upkeep.

  • Predictable Monthly Cost

    Rent (within lease terms) is a set amount — no surprise expenses.

Renting — Cons

  • No Equity Building

    Monthly payments build your landlord's wealth, not yours.

  • Rent Increases

    Rents typically rise 3–5% per year, reducing your purchasing power.

  • Limited Personalization

    Restrictions on paint, renovations, pets, and décor.

  • No Tax Benefits

    Rent payments are not tax-deductible for most tenants.

Buying — Pros

  • Equity Building

    Each payment builds ownership — you're investing in yourself.

  • Tax Deductions

    Mortgage interest and property taxes may be deductible.

  • Stability & Freedom

    No landlord notices — it's your home to customize and enjoy.

  • Appreciation Potential

    Historically, Nevada home values appreciate over the long term.

Buying — Cons

  • Higher Upfront Costs

    Down payment, closing costs, and moving expenses add up.

  • Maintenance Responsibility

    Roof, HVAC, plumbing — all on you.

  • Less Flexibility

    Selling takes time and money; harder to relocate quickly.

  • Market Risk

    Home values can decline in the short term.

Not Sure Which Is Right for You?

Every situation is unique. Let's look at your numbers together and find the best path forward.

Schedule a Consultation 775.209.5819

Disclaimer: This calculator provides estimates for educational purposes only. Actual costs depend on your financial situation, market conditions, loan terms, and tax circumstances. Consult with a financial advisor or lender for personalized advice.