Rent vs Buy
Compare the long-term cost of renting versus buying a home in your area.
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Launchy Rent vs Buy helps you compare the long-term financial impact of renting versus buying a home. By entering key numbers like rent, home price, and mortgage terms, you can see which option may cost less over your expected time horizon.
This tool does not push you toward buying or renting. Instead, it lays out the numbers so you can make an informed decision based on your specific situation, timeline, and financial goals.
What Does This Tool Do?
The calculator compares total costs of renting (monthly rent plus annual increases) against buying (mortgage payments, property tax, maintenance, and opportunity cost on the down payment) over a given number of years.
The result shows the break-even point and total cost difference, helping you understand when buying becomes more cost-effective than renting — or when renting is the smarter financial choice.
How to Use It
Step 1
Enter your current monthly rent and expected annual rent increase.
Step 2
Enter the home purchase price and your planned down payment.
Step 3
Input the mortgage interest rate and loan term.
Step 4
Add estimated annual property tax and maintenance costs.
Step 5
Enter the number of years you plan to stay in the home.
Step 6
Click Calculate to see the total cost comparison.
Step 7
Review the break-even year and adjust inputs to test different scenarios.