Rent vs Buy Calculator
About Rent vs Buy Calculator
This calculator helps you compare the financial implications of renting versus buying a property. It takes into account various factors including:
- Property price and down payment
- Mortgage interest rate and loan term
- Monthly rent and expected rent increases
- Property taxes and maintenance costs
- Property appreciation rate
The calculator provides both monthly cost comparisons and long-term financial analysis, including the breakeven point where buying becomes more advantageous than renting.