Rent vs Buy Calculator
Personalized break-even analysis using today's live mortgage rate. Adjust the numbers to match your situation.
Your numbers
All inputs recalculate instantly.
$
$
The verdict after 7 years
Buying wins
Buying comes out ahead by $21,218 over 7 years given these inputs.
Total monthly (PITI + maint.)
$3,256
Cash to close (10% down)
$40,000
Rent paid over 7 yrs
$202,289
Ownership cost over 7 yrs
$273,467
Home equity built
$166,833
Break-even year (approx)
Year 11
Next step
See if you actually qualify for the loan behind these numbers.
How this works
This calculator estimates PITI (principal, interest, taxes, insurance), plus 1% annual maintenance and 0.6% PMI if you put less than 20% down. Selling costs assume 7% of future value. Not a loan offer or investment advice — always confirm with a licensed Loan Officer.