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Rent vs Buy
Calculate your break-even point by city
City
San Francisco, CA
New York, NY
Los Angeles, CA
Seattle, WA
Boston, MA
Denver, CO
Austin, TX
Miami, FL
Chicago, IL
Atlanta, GA
Phoenix, AZ
Other City
Monthly Rent ($)
Home Price ($)
Down Payment ($)
Buying Closing Costs (%)
Mortgage Rate (%)
Loan Term (years)
Property Tax + Insurance + Maintenance (%/year)
Home Appreciation (%)
Rent Increase (%)
Investment Return on Down Payment (%/year)
Years to Stay
Calculate
The winner is:
RENT
Break-even after
5 years
7 years renting
$210,000
7 years owning
$180,000