Compare the financial impact of renting vs buying over time. Calculate break-even points, monthly costs, tax benefits, and long-term wealth building.
Compare the financial impact of renting vs buying over time
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%)
Current monthly rent payment
Expected annual rent increase (typically 2-4%)
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)
Renting is financially superior over 10 years. Break-even would occur after 10 years.
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.
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