Home Purchase
%
years
%
% / year
% / year
/ year
/ year
% / year
% / year
% / year
%
/ month
PMI Settings
% / year
% equity
ℹ️
PMI will apply since down payment is below 20%
Home Rent
% / year
/ month
Your Information
%
%
years
%
%
Capital Gains Settings
%
Results
🏠
Recommendation
Key Financial Metrics
Net Worth if Buying
$0
Net Worth if Renting
$0
Break-Even Point
-
When buying becomes better
Wealth Difference
$0
Wealth Building Comparison
Net worth accumulation over time: Home Equity vs Investment Portfolio
Average Monthly Cost
Total Cost Breakdown
Buying Costs
Renting Costs
PMI Analysis
Monthly PMI Payment
$0
Total PMI Paid
$0
PMI Ends In
-
Equity at PMI Removal
-
💡 Tip: PMI is automatically removed once you reach 20% equity. Making extra payments can help you reach this faster.
Tax Benefits of Homeownership
Mortgage Interest Deduction
$0
Total over analysis period
Property Tax Deduction
$0
SALT cap may apply
Total Tax Savings
$0
If itemizing deductions
Effective Tax Rate Benefit
0%
Annual savings rate
📝
Note: Tax benefits only apply if you itemize deductions. Standard deduction for 2024: $14,600 (single), $29,200 (married filing jointly).
Capital Gains Tax Estimate
Home Appreciation
$0
Exemption Applied
$0
Taxable Gain
$0
Estimated Tax
$0
Sensitivity Analysis
See how changes in key assumptions affect the buy vs rent decision
| Scenario | Value | Buy Net Worth | Rent Net Worth | Recommendation |
|---|
Cost Comparison by Years
The following is the average cost based on the length you stay for the next 30 years.
| Staying Length | Average Buying Cost | Average Renting Cost | ||
|---|---|---|---|---|
| Monthly | Annual | Monthly | Annual | |
| Year | Buying | Renting | Better Option | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Home Value | Equity | Mortgage Balance | Annual Cost | Net Worth | Annual Rent | Investments | Net Worth | ||
Buying Costs (30 Years)
Down Payment
$0
Buying Closing Costs
$0
Moving Costs
$0
Mortgage Payments
$0
Principal Paid
$0
Interest Paid
$0
PMI Payments
$0
Property Taxes
$0
Home Insurance
$0
HOA Fees
$0
Maintenance
$0
Extra Utilities
$0
Selling Costs
$0
Home Equity (at sale)
$0
Tax Savings
$0
Net Cost of Buying
$0
Renting Costs (30 Years)
Upfront Costs
$0
Moving Costs
$0
Security Deposit
$0
Total Rent Payments
$0
Renter's Insurance
$0
Security Deposit Return
$0
Investment Portfolio
$0
Net Cost of Renting
$0