| Year |
Principal paid |
Interest paid |
Total paid |
Remaining balance |
Equity |
Loan A Current
Monthly P&I—
Monthly PITI—
Total interest—
Total cost—
Loan B Compare
Result
Monthly P&I diff—
Monthly PITI diff—
Interest saved—
Total cost diff—
Enter your monthly budget to find the maximum home price you can afford.
Max home price
—
Based on your budget
Max loan amount
—
After down payment
Down payment needed
—
At selected % down
How long until buying makes more financial sense than renting?
Home price, down payment and PITI are pulled from your main calculation above.
Break-even point
—
Years until buying wins
Net worth buying (yr 10)
—
Equity minus costs
Net worth renting (yr 10)
—
Invested down payment
| Year |
Buy: home value |
Buy: equity |
Buy: total cost |
Rent: total paid |
Rent: invested value |
Advantage |