Buy vs Rent Calculator

The Buy vs Rent Calculator is a straightforward tool designed to help you quickly compare the financial implications of buying a home versus renting. By inputting your specific details—such as home price, down payment, mortgage rate, and monthly rent—the calculator provides an immediate snapshot of which option may be more cost-effective for you over your chosen time frame.

How It Works

This calculator compares the costs of renting versus buying a home over time:

• For buying, it considers mortgage payments, down payment, and property appreciation.
• For renting, it factors in monthly rent and potential investment returns on the down payment amount.
• The break-even point is when the cost of buying becomes less than renting.
• The chart visualizes the comparison over the specified time period.

Disclaimer: This calculator provides a simplified comparison and should not be considered financial advice. It doesn't account for all potential costs (e.g., property taxes, maintenance, insurance) or market fluctuations. Please consult with a financial advisor for personalized guidance on your housing decisions.