Compare the costs of renting versus buying a home. Find out your break-even point
and make an informed decision about homeownership.
Frequently Asked Questions
Is it better to rent or buy?
It depends on many factors including local real estate prices, how long you plan to stay,
interest rates, and your financial situation. This calculator helps you compare the costs.
What costs are included in buying?
Buying costs include down payment, mortgage payments, property taxes, insurance, maintenance,
and closing costs. The calculator estimates these based on typical scenarios.
How long should I plan to stay to make buying worth it?
Generally, you should plan to stay at least 5-7 years for buying to be financially advantageous,
but this varies by location and market conditions.
Does this calculator consider home appreciation?
The full implementation will include home appreciation estimates. Home values can increase or
decrease, affecting the long-term financial outcome.