Rent vs. Buy Calculator
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Buy — 5-Year Cost$68,680.01
Rent — 5-Year Cost$132,000.00
Break-Even1
Monthly PITI$2,206.49
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Frequently Asked Questions
Is it better to rent or buy a home?
It depends on your timeline, local market, and finances. Buying typically wins after 5–7 years due to equity building and appreciation. Renting offers flexibility and lower upfront costs. Use the break-even year as your primary guide.
How is the rent vs buy break-even calculated?
Break-even is the year when cumulative buying costs (PITI payments minus equity gained) become less than cumulative rent paid. After that year, buying is the financially better choice.
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