Rent vs. Buy: $600K Home, 25% Down, 7% Rate vs. $3,000 Rent
Buying a $600,000 home with 25% down at 7% versus renting at $3,000 per month over 10 years in a high-cost real estate market.
How to use this tool
- Enter home price, down payment, mortgage interest rate, current monthly rent, annual home appreciation, annual rent increase and years to compare in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your buy scenario equity and the full breakdown beneath it.
Expensive housing markets put the rent vs. buy decision in sharp relief — see the 10-year financial comparison on a $600,000 home at 7% interest.
Frequently asked questions
- What costs are not included?
- This model excludes property taxes, maintenance (~1% of home value/year), HOA fees, insurance, and transaction costs. Add these to the buy side for a more complete comparison.
- When does buying always win?
- In high-appreciation markets with long time horizons, buying typically dominates because leverage amplifies gains. Renting wins in stagnant markets when renters invest the difference aggressively.