🏠 Buy
Home Purchase Details
▾Down Payment
$
Upfront Costs
Ongoing Costs (Annual)
Sale Details
🏢 Rent
Renting Scenario
▾Investment of Savings
If renting costs less than buying in any given month, the difference can be invested. Enter expected annual return on that invested capital.
💡 When buying is more expensive monthly, the renter invests that gap. When buying is cheaper, that assumes the buyer "keeps" the savings (pays down equity faster).
📅 Timeline
Your Scenario
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📌 The calculator will also show at which year buying becomes better than renting regardless of your input above.
⚠️ Please fill in Home Price, Interest Rate, and Monthly Rent.
💡 How This Works
🏠Buying costs include P&I, PMI, tax, insurance, maintenance, and HOA.
📈Equity = home appreciation + principal paid. Net equity subtracts selling costs.
💹The "rent gap" (if any) is modeled as invested at your chosen return rate.
⚖️Break-even = the year when buying's net wealth surpasses renting's invested wealth.