Home Loan vs Rent

Should you buy or rent? Compare the total cost over 10 years and find the financial break-even point.

Home purchase price ($)

Down payment ($)

Mortgage rate (%/yr)

Loan term (years)

Property tax + insurance (%/yr)

Home appreciation (%/yr)

Monthly rent ($)

Rent increase (%/yr)

10yr total cost — Buying

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10yr total cost — Renting

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Home equity after 10yrs

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Net buying advantage

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