Free Financial Analysis
Rent vs Buy Calculator
Make a smart, data-driven decision about whether renting or buying makes more financial sense for your situation in Charlotte.
Quick Start: Choose a scenario or customize your own
Basic Information
Enter your basic housing costs and timeline
$500$5,000
$100k$1M
0%50%
1 year30 years
2%10%
Monthly Cost Comparison
Renting
$1,800/month
Buying
$3,217/month
Principal & Interest:$2,275
PMI:$150
Property Tax:$333
Insurance:$125
Maintenance:$333
Upfront Costs to Buy: $52,000(Down Payment: $40,000 + Closing Costs: $12,000)
5-Year Cost Projection
Cumulative costs over time (including equity built)
- Total Rent Paid
- Total Buy Costs
- Home Equity Built
Final Analysis (5 Years)
Total Rent Paid
$114,677
Total Buy Costs
$245,027
Home Equity Built
$138,075
Net Financial Position:
$7,725better with buying
Buying is slightly better financially
Break-even point: Year 1
Already Own a Home?
Calculate how much equity you can use for your next home purchase
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