Mortgage Calculators

Is it finally time to stop renting?

Rent vs. buy

Find your break-even year.

Compare the total cost of renting against the total cost of buying. The break-even year tells you when buying starts paying off.

If you rent

$
%

If you buy

$
%
%
% / yr
% of price
Combined buy + eventual sell costs (commissions, fees).
Break-even point — After this many years, buying is cheaper than renting.
  • Initial buy cost (down + closing)$0
  • Year-1 monthly: buy (P&I + tax + ins)$0
  • Year-1 monthly: rent$0
  • 10-year total cost: buy (net of equity)$0
  • 10-year total cost: rent$0

Assumes 1.2% annual property tax and $1,500/yr insurance for the buy side. Equity = home value minus loan balance minus selling costs. Estimates only.

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