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Rent vs. Buy Calculator

Compare the true long-term cost of renting vs. buying a home, including opportunity cost of your down payment.

🏠 Buying

Home Price ($)

Down Payment (%)

Mortgage Rate (%)

Property Tax (%/yr)

Insurance ($/mo)

Maintenance (%/yr)

HOA ($/mo)

🏢 Renting

Monthly Rent ($)

Annual Rent Increase (%)

📈 Assumptions

Home Appreciation (%/yr)

Investment Return (%/yr)

Years to Compare

After 10 Years

🏠 Buying Wins

Buying builds $22,712 more net worth

🏠 Buy Net Worth

$266,283

🏢 Rent Net Worth

$243,571

Monthly Cost (Buy)

$2,906

P&I + tax + ins + maint

Monthly Cost (Rent)

$2,000

Current rent payment

Down Payment

$80,000

20% of $400,000

Break-Even

Year 5

When buying beats renting

Net Worth Comparison

Assumes renter invests down payment at 7% annual return. Home appreciates at 3%/yr. Does not include closing costs (~2-5%) or selling costs (~6%). Simplified model — consult a financial advisor for major decisions.

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