Rent vs Buy Calculator

Compare total costs of renting vs buying

How to Use

Input your current or expected monthly rent payment.

Set home price, down payment, interest rate, and loan term.

Include property taxes, insurance, and maintenance estimates.

Choose how many years you plan to stay in the home.

View total cost of renting vs buying and the break-even point.

Is buying always better than renting?

Not always. Buying makes sense if you stay 5+ years, have stable income, and local home appreciation beats investment returns.

What costs are included in buying?

Mortgage payments, property taxes, insurance, maintenance (1-2% of value/year), HOA fees, and opportunity cost of down payment.

How is the break-even point calculated?

The break-even point is when total ownership costs equal total renting costs, including investment returns on money not spent.

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