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🏠 Rent vs Buy Calculator 2026

Should you rent or buy a home? Compare both options with comprehensive financial analysis including tax benefits, maintenance costs, and investment returns.

Financial Analysis Tax Benefits Investment Returns Break-even Analysis

The Verdict

Renting is Better

Based on your inputs, renting saves you ₹12.5 lakhs over 10 years

Buying a Home

₹ 75,00,000
20%
%
8.50%
1.0%
1.0%
5.0%

Renting

₹ 25,000
5.0%
3

Common Assumptions

10
8.0%
4.0%

Buying Summary

Monthly EMI:₹ 51,650
Down Payment:₹ 15,00,000
Closing Costs:₹ 5,25,000
Monthly Maintenance:₹ 6,250
Monthly Property Tax:₹ 6,250
Total Monthly Cost:₹ 64,150
Home Value after 10 years:₹ 1,22,16,785
Loan Balance after 10 years:₹ 35,22,456
Equity Built:₹ 86,94,329

Renting Summary

Initial Rent:₹ 25,000
Security Deposit:₹ 75,000
Rent after 10 years:₹ 40,722
Total Rent Paid:₹ 37,58,367
Upfront Savings vs Buy:₹ 19,50,000
Monthly Savings:₹ 39,150
Investment Value after 10 years:₹ 78,45,678

Net Worth After 10 Years

Buy Net Worth

₹ 86,94,329

Home Equity

Rent Net Worth

₹ 78,45,678

Investment Portfolio

Difference

₹ 8,48,651

Buy is better by

Break-even Analysis

Year 0Break-even: Year 8Year 30

You need to stay for at least 8 years for buying to be better than renting.

Year-by-Year Comparison

Monthly Cash Flow - Buying

EMI (Principal + Interest)₹ 51,650
Property Tax₹ 6,250
Maintenance₹ 6,250
Home Insurance₹ 2,500
Total Monthly Outflow₹ 66,650

Tax Benefits (Section 24 & 80C)

Yearly Tax Saving₹ 1,50,000
Effective Monthly Cost₹ 54,150

Monthly Cash Flow - Renting

Monthly Rent₹ 25,000
Maintenance (if any)₹ 0
Renter's Insurance₹ 500
Total Monthly Outflow₹ 25,500

Savings vs Buying

Monthly Savings₹ 41,150
Annual Savings₹ 4,93,800

Advantages of Buying

  • Build equity over time
  • Property appreciation potential
  • Tax benefits on home loan interest
  • Stability and freedom to modify
  • Hedge against inflation

Advantages of Renting

  • Lower monthly costs
  • No maintenance or repair costs
  • Flexibility to move easily
  • No property tax or insurance
  • Invest savings in financial markets

Frequently Asked Questions

What is the 5% rule in rent vs buy?

The 5% rule states that if the annual rent is less than 5% of the home's purchase price, renting is financially better. This 5% accounts for maintenance (1%), property taxes (1%), and the opportunity cost of down payment (3%).

How long should I stay for buying to make sense?

Generally, you need to stay for at least 5-7 years for buying to be better than renting. Use the break-even analysis above for your specific numbers.

What are the hidden costs of buying a home?

Hidden costs include: registration & stamp duty (5-7% of property value), maintenance (1% annually), property tax, home insurance, society charges, and potential repair costs.

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