Rent vs Buy Calculator

The decision to rent or buy a home is one of the most significant financial choices you'll make. Our calculator provides a comprehensive analysis considering all costs, property appreciation, and opportunity costs to help you make an informed decision.

The analysis includes loan EMIs, maintenance costs, property appreciation, rent increases, and the opportunity cost of the down payment to give you a complete financial picture.

Factors Favoring Buying:

• Stability: Long-term housing security
• Equity Building: Monthly payments build ownership
• Tax Benefits: Home loan interest and principal deductions
• Appreciation: Property value growth over time
• Customization: Freedom to modify the property

Factors Favoring Renting:

• Flexibility: Easy to relocate for job or lifestyle changes
• Lower Upfront Cost: No down payment or registration fees
• No Maintenance: Landlord responsible for repairs
• Investment Opportunity: Down payment can be invested elsewhere
• No Market Risk: Protected from property value decline

Cost Components:

Buying Costs:

• Down payment (15-20% of property value)
• Home loan EMI (principal + interest)
• Registration and stamp duty (6-8% of property value)
• Maintenance and repairs (1-2% annually)
• Property tax and insurance

Renting Costs:

• Monthly rent payments
• Security deposit (2-10 months rent)
• Brokerage fees (1-2 months rent)
• Annual rent increases (5-10%)

Break-Even Analysis:

• Break-Even Point: Year when buying becomes cheaper than renting
• Typical Range: 5-10 years in most Indian cities
• Factors: Property appreciation, rent increases, loan rates

Features:

• Comprehensive cost comparison over time
• Property appreciation and rent increase modeling
• Break-even year calculation
• Visual cost progression charts
• Personalized recommendation based on analysis