Rent vs Buy Calculator
Compare the long-term financial impact of renting versus buying a home with comprehensive analysis
Analysis Results
✓ Buying is Better
You'll save $45,000 over 10 years by buying
You'll save $45,000 over 10 years by buying
Total Cost to Buy
$425,000
Total Cost to Rent
$470,000
Break-Even Point
3.5 years
Net Difference
$45,000
Cumulative Cost Comparison
Detailed Financial Metrics
Home Equity Built
$125,000
Home Value After Appreciation
$537,000
Invested Down Payment Value
$157,000
Tax Savings (Mortgage Interest)
$18,500
Factors Beyond the Numbers
🏠 Stability & Control
Homeownership provides stability, control over your living space, and protection from rent increases.
🔧 Maintenance Responsibility
As a homeowner, you're responsible for all repairs and maintenance, which can be costly and time-consuming.
📍 Flexibility to Move
Renting offers more flexibility to relocate for career opportunities or lifestyle changes.
💰 Wealth Building
Homeownership can build wealth through equity accumulation and potential appreciation.
📈 Market Conditions
Consider local market conditions, including home price trends and rental market dynamics.
⏰ Time Horizon
Buying typically makes more sense if you plan to stay in the area for at least 5-7 years.