Adjust the slider and values below to compare renting vs buying a home. You can vary the down payment, insurance, taxes, loan term, and interest rates. You can even include extra payments and the elimination of private mortgage insurance once your loan-to-value ratio exceeds 20%. Included is a real-time chart that shows you the break-even point (if any) where buying becomes better for your net worth than renting.
Disclaimer: Pro Tool Reviews is providing these calculators “as-is” and is not responsible for over- or under-estimating or incorrect costs, calculations, or values. Please verify your estimates on your own or through your service or material provider before starting any job.