Home and borrowing

Rent or buy

The break-even year for your own numbers. It follows two households month by month: one buys, the other rents and invests the down payment and every dollar owning would have cost more. Whoever has more net worth after each year is ahead. Nothing you enter leaves your browser.

Buying

Home price

Down payment

Mortgage rate

Property tax, of value a year

Upkeep, of value a year

Home value growth a year

Renting

Monthly rent

Rent increase a year

Return on money not spent on a home

More options

Mortgage term, years

Home insurance a year

Mortgage insurance (PMI), a year

% of loan

Required when the down payment is under 20%. Lenders price it as an annual rate on the loan amount, typically 0.5 to 1.5% depending on credit score and down payment. It stops automatically once the balance is scheduled to reach 78% of the purchase price (or at the loan's midpoint); you can ask to cancel at 80%.

HOA a month

Buying costs, of price

Selling costs, of value

Years to compare

Currency symbol

Buying pulls ahead after

Net worth, buying against renting

What changes it

Years until buying pulls ahead, for other home value growth and other returns on the money not spent on a home. Everything else as above.

Year by year

Built only when you ask for it.