Rent vs. Buy (Smart Edition)

Advanced housing calculator considering inflation, interest rate trends, opportunity costs, and long-term financial implications. Make an informed decision about homeownership.

Property Details

Home Price ($)

Down Payment ($)

20.0% of home price

Interest Rate (%)

Loan Term (Years)

Monthly Rent ($)

Recommendation

BUY

Monthly Payment

$2091

Break-even Year

Savings

$31084

Net Worth Comparison

Cost Breakdown

Monthly Homeownership Costs

Mortgage Payment$1216

Property Tax$300

Insurance$125

Maintenance$250

Utilities$200

Total Monthly Cost$2091

Long-term Analysis

Total Rent Cost (10 years)$275,133.103

Total Buy Cost (10 years)$250,925.369

Final Buy Equity$140,000

Net Worth Difference$31,083.673