Rent vs Buy Calculator

Compare the true financial cost of renting versus buying a home. Get a comprehensive analysis including opportunity costs, tax benefits, and break-even calculations.

Purchase Details

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Typically 1% of home value

Rental Details

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Analysis Settings

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Return if down payment invested instead

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For mortgage interest deduction

Analysis Results

Financial Winner
Calculating...
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Total Cost Comparison

Buying Total Cost $0
Renting Total Cost $0

Net Worth Impact

Buying Net Worth $0
Renting Net Worth $0

Break-even Analysis

Break-even Time -
Monthly Payment Difference $0

Key Factors

Home Equity Built $0
Tax Savings (Buying) $0
Investment Returns (Renting) $0

Year-by-Year Analysis

Year Buying Cost Renting Cost Home Value Mortgage Balance Net Worth Diff

Factors Favoring Buying

  • • Stable housing for 5+ years
  • • Building equity and wealth
  • • Tax benefits (mortgage interest deduction)
  • • Protection against rent increases
  • • Freedom to modify and personalize
  • • Forced savings through principal payments

Factors Favoring Renting

  • • Greater flexibility and mobility
  • • No maintenance or repair costs
  • • Lower upfront costs
  • • Investment opportunity with down payment
  • • No property tax or insurance
  • • Predictable monthly expenses

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Amortization Schedule

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