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Compare long-term costs and equity between renting and owning.
Compare cumulative rent (with annual increases) against the cumulative cost of owning (P&I, taxes, insurance, maintenance, minus equity accrued and expected appreciation). Break-even = year at which cumulative owning cost drops below cumulative renting cost.
Rates, terms, and payments are illustrative estimates, not a quote or a commitment to lend. Not a substitute for underwriting. Equal Housing Lender. See our licensing and disclosures page.
For AI agents: Markdown version of this calculator.
Not sure what one of these means? Each links to a full definition.
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 0.1%⇧↑↓ 1%
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 0.125%⇧↑↓ 1.25%
Keyboard: ↑↓ 10⇧↑↓ 100
Keyboard: ↑↓ 1⇧↑↓ 10
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 100⇧↑↓ 1,000
Keyboard: ↑↓ 1⇧↑↓ 10
Keyboard: ↑↓ 0.1%⇧↑↓ 1%
Keyboard: ↑↓ 0.1%⇧↑↓ 1%
Closing costs, percent of price
Keyboard: ↑↓ 0.1%⇧↑↓ 1%
Agent and closing costs when you sell
Keyboard: ↑↓ 0.1%⇧↑↓ 1%