Compare the net cost of renting with the net cost of buying over a chosen horizon. Enter the rent, the price, the years and the mortgage assumptions, and the tool totals each side and finds the year they break even. These results are approximations for general information only and are not financial, investment or tax advice; the model uses a 30-year fixed mortgage and a constant rent, so treat the outcome as a rough guide and confirm the details before a decision.
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How to Use the Rent vs Buy Calculator
Enter your monthly rent and the home price, choose a horizon in years and set the mortgage rate, the yearly appreciation and the down-payment ratio. Press Compare to see the net cost of each option and the break-even year.
How the two sides are built
Net cost of renting is the monthly rent multiplied by twelve and by the years.
Net cost of buying is the down payment, plus the mortgage payments over the horizon, plus the remaining loan balance, minus the home's value at the end.
The break-even year is the first year buying costs less than renting; if it does not happen within 40 years, no figure is shown.
Either side can come out cheaper — a short horizon often favours renting, a long one often favours buying.
Tips
Buying also brings costs the model leaves out, such as maintenance, insurance, taxes, transaction fees and the opportunity cost of the deposit. Add them in your head, or lower the appreciation assumption, before you decide.
Features
Net cost of renting and buying side by side
Break-even year within a 40-year window
Down-payment ratio, mortgage rate and appreciation handled
Choose your currency and copy the result
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These results are approximations for general information only and are not financial, investment or tax advice. The model uses a 30-year fixed mortgage and a constant rent.