Rent vs Buy Calculator

Input Your Details

Property Price ($)

Down Payment (%)

20%

Mortgage Interest Rate (%)

5.0%

Loan Term (Years)

Monthly Rent ($)

Annual Rent Increase (%)

3.0%

Property Tax (% per year)

1.2%

Home Insurance (Annual $)

Maintenance Costs (Annual $)

HOA Fees (Monthly $)

Expected Appreciation Rate (%)

3.0%

Results Summary

Monthly Cost to Buy

$1,850

Principal, interest, taxes, insurance

Monthly Rent

$1,800

Current rental payment

5-Year Cost to Buy

$111,000

Includes equity buildup

5-Year Cost to Rent

$108,000

With annual increases

Time Period	Total Cost to Buy	Total Cost to Rent	Difference
1 Year	$22,200	$21,600	Rent saves $600
5 Years	$111,000	$108,000	Rent saves $3,000
10 Years	$222,000	$240,000	Buy saves $18,000
20 Years	$444,000	$540,000	Buy saves $96,000

Break-Even Point

Buying becomes cheaper than renting after approximately 7 years.

Cost Comparison Over Time

See how renting and buying costs compare over different time periods.

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