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.
Calculator Inputs
$1,800/mo
$400,000
10%
5 years
6.5%
Renting
$1,800/month
Buying
$3,217/month
Monthly Buying Breakdown
- Principal & Interest$2,275
- PMI$150
- Property Tax$333
- Insurance$125
- HOA$0
- Maintenance$333
Total Monthly$3,217
Upfront Costs to Buy
$52,000
$40,000 down payment + $12,000 closing costs
Financial Projection Over 5 Years
Total Rent Paid
$114,677
Total Buy Costs
$193,027
Home Equity Built
$138,075
Net Financial Position After 5 Years
$59,725 better with buying
Break-even point: Year 1
Buying is significantly better financially
Already Own a Home?
See how much equity you can put toward your next home.
Want this as a PDF?
Get a personalized rent-vs-buy report you can save, share, or take to your lender — plus Charlotte buyer resources.