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RentvsBuyBreakeven

Calculate the breakeven horizon for renting vs buying.

Rent vs Buy Breakeven

Input

Home Price ($)

Down Payment (%)

Mortgage Rate (%)

Monthly Rent ($)

Annual Maintenance ($)

Annual Insurance ($)

Annual Prop Tax ($)

Monthly HOA ($)

Rent Increase (%/yr)

Home Appreciation (%/yr)

Years Planned

Monthly Mortgage

$1,769.79

Total Rent Cost

$247,619.79

Total Buy Cost

$325,374.86

Net Equity (Buy)

$203,137.6

Buy vs Rent Δ

$-44,482.19

Breakeven Year

11.0

About This Tool

Calculate the breakeven horizon for renting vs buying.