Rent vs Buy Calculator
Make an informed decision about renting vs buying with comprehensive financial analysis, equity projections, and breakeven calculations.
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Complete Analysis
Year-by-year financial breakdown
Equity Growth
Track home equity vs investments
Tax Benefits
Calculate mortgage interest deductions
Breakeven Point
Find when buying becomes better
Investment Assumptions
Understanding Rent vs Buy
✓ Build equity and wealth over time
✓ Tax deductions on mortgage interest and property taxes
✓ Fixed monthly payments (with fixed-rate mortgage)
✓ Freedom to customize and renovate
✓ Potential appreciation in home value
✓ Forced savings through mortgage payments
✓ Flexibility to move easily
✓ No maintenance or repair costs
✓ No property taxes or HOA fees
✓ Lower upfront costs (no down payment)
✓ Predictable monthly expenses
✓ Amenities often included (pool, gym, etc.)
How Long Will You Stay?
The longer you plan to stay, the more sense buying makes. Buying typically becomes financially advantageous after 5-7 years when equity growth and appreciation offset closing costs and other expenses.
Local Market Conditions
In expensive markets where rent is much lower than mortgage payments, renting may be better. Research local price-to-rent ratios and historical appreciation rates.
Opportunity Cost
Consider what else you could do with your down payment. If you can earn higher returns investing in the stock market than your home appreciation rate, renting and investing might be better.
Lifestyle Preferences
Beyond finances, consider your lifestyle. Do you value stability and customization (buying) or flexibility and low maintenance (renting)? Both have non-financial benefits.
Frequently Asked Questions
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