Rent vs Buy Calculator

Monthly Rent: Home Price: Loan Term (Years): Interest Rate (% per year): Down Payment (% of Home Price): Annual Property Tax (% of Home Price): Annual Maintenance Cost (% of Home Price): Select Currency:

Results

Cost of Renting for Loan Term:

Cost of Buying for Loan Term:

Buying is Cheaper By:

Yearly Cost Breakdown

Year	Renting Cost	Buying Cost	Annual % Difference

Rent vs Buy Calculator – Make an Informed Decision with CalculateYou.com

Deciding whether to rent or buy a home is one of the biggest financial choices you’ll make. The Rent vs Buy Calculator on CalculateYou.com helps you compare the costs and benefits of renting versus owning a home, making it easier to choose the best option based on your financial situation.

What is a Rent vs Buy Calculator?

A Rent vs Buy Calculator is a financial tool that helps you compare the long-term costs of renting and buying by analyzing factors such as rent payments, home loan payments, property appreciation, taxes, and maintenance expenses.

Why Use a Rent vs Buy Calculator?

🏡 Easily compare long-term financial impact 💰 Understand total homeownership costs 📊 See potential savings from renting vs buying ✅ Make an informed decision based on accurate calculations

How to Calculate Rent vs Buy Step by Step

Follow these simple steps to compare renting and buying using CalculateYou.com.

Step 1: Visit CalculateYou.com

Go to CalculateYou.com and open the Rent vs Buy Calculator tool.

Step 2: Enter the Required Details

Provide the following inputs:

Monthly Rent – The amount you currently pay (or would pay) in rent.
Home Price – The estimated cost of the home you want to buy.
Down Payment – The upfront amount you will pay for the home.
Loan Interest Rate – The interest rate on your mortgage.
Loan Term – The duration of the loan (e.g., 15 or 30 years).
Property Taxes – Annual taxes on the home.
Home Maintenance Costs – Estimated yearly expenses for upkeep.
Expected Home Appreciation Rate – The percentage increase in property value over time.

Step 3: Click Calculate

Press the Calculate button to get:

Total cost of renting over time
Total cost of homeownership over time
Break-even point (if buying is better than renting)

Rent vs Buy Calculation Formula

The calculator uses the following formulas to determine total costs:

Renting Cost Formula

$TotalRentCost=MonthlyRent×NumberofMonths+AnnualRentIncreasesTotal Rent Cost = Monthly Rent \times Number of Months + Annual Rent Increases$

Buying Cost Formula

$TotalBuyingCost=(HomePrice-DownPayment)+(LoanInterest)+(PropertyTaxes)+(MaintenanceCosts)Total Buying Cost = (Home Price - Down Payment) + (Loan Interest) + (Property Taxes) + (Maintenance Costs)$

Example Calculation

Case 1: Renting vs Buying

Rent = ₹20,000/month
Home Price = ₹50,00,000
Down Payment = ₹10,00,000
Loan Interest Rate = 7%
Loan Term = 20 years
Property Tax = ₹25,000/year
Maintenance = ₹15,000/year
Expected Home Appreciation = 3% per year

Using these values, the calculator will compare renting and buying over 5, 10, 20 years and suggest which option is more financially beneficial.

Additional Features of CalculateYou.com

Apart from the Rent vs Buy Calculator, CalculateYou.com also provides:

Home Affordability Calculators
Mortgage & Loan Calculators
Property Tax Estimators
Financial Planning Tools

Conclusion

Buying a home is a big investment, but in some cases, renting can be the better option. Use the Rent vs Buy Calculator on CalculateYou.com to make an informed decision and choose the best financial path for your future.

Make the right choice with CalculateYou.com! 🏡💰