Rent vs Buy Calculator 🏠 vs 🏢
Examples:
🏠 Price ₹3Cr, Down ₹60L, Interest 7.5%, 20 yrs loan
🏢 Rent ₹50,000/mo, 5% annual increase, 10 years comparison
🏠 Price ₹3Cr, Down ₹60L, Interest 7.5%, 20 yrs loan
🏢 Rent ₹50,000/mo, 5% annual increase, 10 years comparison
Result
Fill the fields above and click Calculate to compare rent vs buy costs 🔎
🏠 Rent vs Buy Calculator – Frequently Asked Questions
❓ What is a Rent vs Buy Calculator?
💡 It helps compare the financial costs of renting a home versus buying one, taking into account mortgage payments, rent, maintenance, taxes, and other costs over time.
⚖️ What factors are considered in the comparison?
📋 Monthly rent, home purchase price, mortgage interest rate, down payment, property taxes, maintenance costs, and length of stay are usually included.
🔍 Why is it important to compare renting vs buying?
🤔 It helps you make an informed decision based on your financial situation, lifestyle, and plans for how long you will live in the home.
📈 Does the calculator consider home appreciation or rent increases?
📊 Many calculators assume home value appreciation and rent inflation over time for a realistic long-term comparison.
💰 Can this calculator help with tax implications?
🧾 Yes, it can include tax benefits like mortgage interest deductions that impact the overall cost of buying versus renting.