Rent vs. Buy Calculator 

What is the Rent vs. Buy Calculator?

The Rent vs. Buy Calculator helps you determine whether renting or buying a home is more financially advantageous based on your personal financial situation, housing market conditions, and long-term plans.

By comparing the total costs of renting versus buying over time, this calculator provides insights into:

• Break-even point – How many years you need to stay in a home for buying to become cheaper than renting.

• Annual & monthly cost comparisons – A year-by-year breakdown of expenses for both options.

• Key financial factors – Mortgage payments, property taxes, maintenance, rent increases, investment returns, and tax benefits.

Why Use This Calculator?

✅ Make an informed decision – Avoid financial surprises by understanding the long-term costs of renting vs. buying.
✅ Personalised analysis – Adjust inputs like home price, down payment, interest rates, and rental costs to match your situation.
✅ Plan for the future – See how inflation, home appreciation, and rent increases impact your finances over time.
✅ Optimize tax benefits – Factor in mortgage interest deductions and property tax savings.

How It Works

1. Enter Home Purchase Details – Home price, down payment, loan terms, property taxes, insurance, and maintenance costs.

2. Input Rental Costs – Monthly rent, renter’s insurance, and expected rent increases.

3. Add Your Financial Info – Investment returns, tax rates, and filing status.

4. Calculate & Compare – See a detailed breakdown of costs over 30 years.

Key Outputs

📊 Break-even Analysis – “Buying is cheaper if you stay for X years or longer.”
📈 Cost Comparison Table – Monthly and annual costs for renting vs. buying from 1 to 30 years.

Who Should Use This Calculator?

• First-time home buyers – Decide if buying makes sense financially.

• Renters considering home ownership – Compare long-term costs before committing.

• Relocating individuals – Evaluate whether to rent or buy in a new city.

• Financial planners & real estate investors – Analyze housing cost scenarios for clients.