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Rent vs. buy calculator

Planned calculator for the multi-year cost of renting versus buying a comparable home. Not yet active in the MVP.

This calculator is not yet active in the MVP

Not yet active

The inputs, outputs, and formula below document the planned calculator. Numbers shown are illustrative only — no computation is performed. Data not yet verified.

Example inputs

Illustrative

  • Monthly rent

    e.g. $2,200

  • Home price

    e.g. $420,000

  • Down payment

    e.g. 20%

  • Mortgage rate

    e.g. 6.75%

  • Holding period

    e.g. 7 years

Example outputs (not computed)

Illustrative

  • Cumulative cost — rent

    $210,400

  • Cumulative cost — buy

    $198,750

  • Break-even year

    Year 5

Planned formula

totalRent − (mortgagePaid + ownershipCosts − equityBuilt)

This calculator is not yet active in the MVP.