Rent vs Buy Calculator

Ok, so what does this mean?

Break even, buy gain, rent gain...? Don't worry we'll explain everything you'll need to know so you can make the decision that works best for you.

Break Even

In this Rent vs Buy calculator we compare the total cost of buying vesus the total cost of renting, over a period of time. The "Break Even" point is the time it will take for the costs of buying a home to become even with the costs of renting a home.

Rent Gain

The "Gain" we use is the Buy Costs versus the Rent Costs. If Rent Costs are less for your chosen period of time, then it's a better deal for you to rent for that time frame. Or, a Rent Gain. The higher the Rent Gain amount, the more you are saving over buying.

Buy Gain

If the Buy Costs are less for the chosen period of time then it is a better option to buy. Or, a Buy Gain. The higher the Buy Gain amount, the more you are saving over renting.

Bring to Close	$22604.4
Mortgage Payments	+$17679.62
Maintainence	+$17679.62
Total Out of Pocket	$41357

Prinicipal Paid	$4038.58
Appreciation	$4038.58
Tax Savings	$4038.58
Total Equity/Savings	= $12591

Out of Pocket Expenses	$4038.58
Equity/Tax Savings	$4038.58
Total Buy Costs	$28766