Rent vs Buy Calculator
Compare the financial impact of renting vs buying over time. Calculate break-even points, monthly costs, tax benefits, and long-term wealth building.
Rent vs Buy Calculator
Compare the financial impact of renting vs buying over time
Purchase Details
Total purchase price of the home
Typically 20% for conventional loans
Annual interest rate (30-year fixed)
Annual property tax amount
Annual insurance premium
Annual maintenance as % of home value (typically 1-2%)
Rental Details
Current monthly rent payment
Expected annual rent increase (typically 2-4%)
Assumptions
Expected annual home value appreciation
How long you plan to stay in the home
Your federal income tax bracket
State income tax rate (MA: 5%)
Expected annual return on invested capital
State & Local Tax deduction cap (2025-2029: $40K)
Recommendation: RENT
Renting is financially superior over 10 years. Break-even would occur after 10 years.
Monthly Ownership Costs
Annual Tax Benefits
10-Year Financial Comparison
Year-by-Year Breakdown
Disclaimer: This calculator provides estimates only. Actual costs may vary based on market conditions, tax law changes, and individual circumstances. Consult with a financial advisor and tax professional before making major financial decisions. Results assume consistent appreciation rates, rent increases, and investment returns, which may not reflect actual market conditions.
Related Resources
Rent vs Buy Decision Framework
Step-by-step guide to evaluating financial readiness, time horizon, lifestyle factors, and market timing.
Boston Rent vs Buy 2025 Analysis
Detailed financial analysis of break-even points, tax benefits, and market conditions in Greater Boston.
How to Find and Vet the Right Landlord
Complete guide to researching landlords, verifying property management companies, and identifying red flags.
Town Finder
Find your perfect Greater Boston town based on your priorities: schools, commute, value, and more.
Massachusetts Tenant Rights
Complete reference for Massachusetts State Sanitary Code - know your rights regarding minimum housing standards, heating, plumbing, and safety.