Rent vs Buy Breakeven Calculator

Find out how many years until buying becomes financially better than renting.

Buying Scenario

Renting Scenario

Breakeven Point

8 Years
Buying becomes better after 8 years

Monthly Cost Comparison (Year 1)

Monthly Rent$2,500
Monthly Buying Cost$2,987
Difference+$487

Upfront Costs to Buy

$80,000
Down Payment
$12,000
Closing Costs

Net Worth Comparison Over Time

YearBuyer Net WorthRenter Net WorthWinner
Year 1$70,428$104,288Rent
Year 3$100,985$128,713Rent
Year 5$133,988$152,727Rent
Year 7$169,672$176,027Rent
Year 10$228,801$215,641Rent
Year 15$344,892$302,448Rent
Year 20$488,136$424,198Buy
Year 30$889,977$834,462Buy