ThinkVault ToolsBuy vs Rent Calculator

Personal finance

Buy vs Rent Calculator

Constant property price; only down payment invested. Excludes tax, maintenance and transaction costs. Simplified scenario.

Results

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Net buying cost

$1,264,351.84
Net renting cost$1,500,700.02
Initial mortgage payment$21,026.19
Initial monthly cash-flow gap (buy−rent)$3,026.19
Break-even year2
Ending property equity$3,058,790.96
Net buying cost$1,264,351.84
Net renting cost$1,500,700.02

Net buying cost

$1,264,351.84

Method and common questions

Tax, lending, holiday and protection rules vary by place and date. Check current local rules and provider terms. Results are estimates.

Purpose and inputs

Compare buying and renting with optional price growth and holding costs.

Method and assumptions

Ending price = initial price × (1 + annual price change/100)^years. Annual holding costs use that year’s opening home value × the entered cost percentage. Both inputs default to zero. Net buying cost = down payment + mortgage payments + holding costs − ending equity; equity = ending price − outstanding loan. Net renting cost = rent paid − investment gain on the down payment. Only the down payment is invested, not monthly differences. Rent changes annually. Transaction fees, taxes and unentered costs are not added automatically. Break-even is the first year-end when buying costs no more, not a promise it stays cheaper.

Method

Ending price = initial price × (1 + annual price change/100)^years. Annual holding costs use that year’s opening home value × the entered cost percentage. Both inputs default to zero. Net buying cost = down payment + mortgage payments + holding costs − ending equity; equity = ending price − outstanding loan. Net renting cost = rent paid − investment gain on the down payment. Only the down payment is invested, not monthly differences. Rent changes annually. Transaction fees, taxes and unentered costs are not added automatically. Break-even is the first year-end when buying costs no more, not a promise it stays cheaper.

FAQ

What are the limitations?
Price growth and holding costs are assumptions, initially zero. Only the down payment is invested. Unentered costs are excluded; results are not forecasts.
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