Rent vs Buy Calculator
Enter your details to get a personalized breakeven analysis and net worth comparison over time.
Rent vs Buy Calculator
$
%
%
yrs
%
$/mo
%
$
%
%
%
yrs
How This Calculator Works
Ownership Costs Include:
- • Monthly mortgage payment (PITI)
- • Property taxes (annual % of home value)
- • Home insurance
- • Maintenance and repairs (annual %)
- • Closing costs (3% of purchase price)
Rent + Invest Scenario:
- • Monthly rent (growing at rent increase rate)
- • Down payment invested at investment return rate
- • Monthly savings (if rent < ownership cost) invested
Breakeven Year:
The year when cumulative ownership costs (excluding down payment) drop below cumulative rent costs.
Net Worth at End:
Buy scenario: home equity (value minus outstanding loan minus selling costs). Rent scenario: invested down payment plus invested savings.
Disclaimer: This calculator provides estimates based on the inputs you provide. Actual results will vary based on market conditions, tax situation, and other factors. Consult a financial advisor before making major housing decisions.