Rent vs Buy Calculator
Financial Comparison & Breakeven Analysis
🏠 Buying Scenario
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🏢 Renting Scenario
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📈 Investment & Timeline
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📊 After 7 Years
Buying Wins!
You’ll be $45,000 ahead by buying
Net Wealth Advantage: $45,000
If You Buy
$165,000
Net Wealth After 7 Years
🏆 WINNER
If You Rent
$120,000
Investment Value After 7 Years
Monthly Buy Cost
$2,862
Monthly Rent Cost
$2,525
Breakeven Point
4.2 yrs
📈 Net Wealth Over Time
Breakeven: 4.2 yrs
Buy (Equity + Appreciation)
Rent (Investment Growth)
Cost Breakdown Over 7 Years
🏠 Buying Costs
Down Payment $80,000
Closing Costs $12,000
Mortgage Payments $178,416
Property Tax $33,600
Insurance + HOA $16,800
Maintenance $28,000
Selling Costs $29,460
Total Out-of-Pocket $378,276
🏢 Renting Costs
Security Deposit $2,500
Total Rent Paid $228,674
Renters Insurance $2,100
Total Out-of-Pocket $233,274
Down Payment Invested $92,000
Investment Growth +$55,234
