Decision Center

Rent vs Buy Calculator

Flexibility vs equity — the true cost comparison.

Renting keeps you liquid and mobile. Buying builds equity and locks a payment. The break-even depends on how long you stay, closing costs, and appreciation.

Option A

Rent Calculator

Models monthly rent, renters insurance, and projected annual increases.

Pros

No maintenance costs
Full mobility
Predictable monthly outflow

Cons

No equity built
Rent inflation
No mortgage-interest deduction

Best for

Short stays (< 5 yrs)Unstable job marketLow down-payment savings

Typical user: Renter forecasting monthly obligations.

Open Rent Calculator

Option B

Rent vs Buy Calculator

Compares total renting cost against total ownership cost including equity.

Pros

Includes equity build-up
Handles appreciation
Break-even in years

Cons

Sensitive to assumption inputs
Doesn't reflect lifestyle value

Best for

3-7 year decisionsBuyers with stable incomeComparing markets

Typical user: Anyone weighing a lease renewal against a purchase.

Open Rent vs Buy Calculator

The verdict

Planning to stay 5+ years with stable income? Buying usually wins. Otherwise renting is safer.

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Home price you can afford based on income and DTI.

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US home purchase closing costs — 2-5% of price.

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