Rent vs. Buy Calculator

Find out which option makes more financial sense for your situation

Currency:

Buying Costs

$80,000
$20,000$500,000
20%
10%50%
7%
3%15%
20 yr
5 yr30 yr
3%
1%8%

Renting Costs

$600
$100$5,000
3%
0%15%

Assumptions

7 yr
1 yr20 yr
4%
0%15%

After 7 years

Buying Wins

Buying saves you $20,364 over 7 years

Break-even point: year 4

Total Cost Comparison

Net Buy Cost(after appreciation)$34,806
Total Rent Cost(with annual increases)$55,170

Buying Breakdown

Down payment$16,000
Buyer fees$2,400
Monthly mortgage$496
Property value at sale$105,275

These calculations are estimates only. Consult a financial advisor before making a purchase decision.

بيتنا | Baytna — Real Estate in Syria