Rent vs Buy Calculator

Compare the true cost of renting vs buying a home in India. Accounts for EMI, rent, opportunity cost of down payment, property appreciation, and tax benefits.

Rent vs Buy Calculator

True cost comparison over your planned stay period

Property price Rs 80L
Rs 10LRs 5Cr
Rs
Down payment Rs 16L
Rs 0Rs 2Cr
Rs
Home loan rate 8.5%
6%15%
%
Loan tenure 20 years
5 yr30 yr
yrs
Monthly rent (equivalent property) Rs 20,000
Rs 3KRs 5L
Rs
Annual rent escalation 5%
0%15%
%
Property appreciation rate 6%
0%15%
%
Alternative investment return 12%

If you rented and invested the down payment + EMI-rent difference

4%20%
%
Planning to stay 10 years
1 yr30 yr
yrs
Verdict
---
over your stay period
Net cost of buying
---
after equity & appreciation
Net cost of renting
---
after investment gains
Monthly EMI---
Total EMI paid over stay---
Property value at end---
Equity built (principal paid)---
Total rent paid over stay---
Investment corpus if renting---
Buy vs Rent net wealth position
Buy net worth: ---
Rent net worth: ---

Simplified model. Does not account for maintenance, property tax, stamp duty, or tax benefits. Use as directional guidance only.

Net wealth — buy vs rent over time
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ThriftRupee Insight

In Indian metros, buying is rarely cheaper than renting in the first 7–10 years. A Rs 1.5 crore flat in Bengaluru with Rs 30 lakh down payment costs Rs 1.15 lakh/month in EMI vs Rs 35,000/month in rent for an equivalent flat. The Rs 80,000 monthly difference, invested in index funds at 12%, grows to Rs 1.3 crore in 10 years — often more than the property appreciation. Run the numbers before you decide.

Rent vs Buy in India — The True Cost Comparison

The rent vs buy decision is not just about EMI vs rent. It involves opportunity cost of the down payment, property appreciation, rent escalation, equity building through principal repayment, and investment returns on the capital saved by renting. This calculator models all these factors over your actual planning horizon.

When does buying beat renting?

Buying typically beats renting when you stay 10+ years (time for equity and appreciation to compound), the area has strong rental yields above 3%, property appreciation exceeds alternative investment returns, and your effective EMI after tax benefits is close to the market rent. In India's top metros, this threshold is usually 8–12 years.

Frequently asked questions

Is it better to rent or buy a home in India in 2026?
It depends on your city, tenure, and alternative investment returns. Buying makes sense when: you plan to stay 10+ years, EMI is close to rent in the area, property prices are reasonable (price-to-rent ratio below 20), and you have a stable income. Renting makes sense when: you are mobile, property is overvalued, or the down payment can earn better returns elsewhere.
What is the price-to-rent ratio and what does it mean?
Price-to-Rent Ratio = Property Price / Annual Rent. Below 15 = buying is favorable. 15–20 = neutral. Above 20 = renting is cheaper. Most Indian metros have ratios of 25–35+, meaning renting is mathematically cheaper for most people. Mumbai's ratio can exceed 40.
What costs should I include when comparing rent vs buy?
Buying costs: EMI interest, property tax, maintenance, insurance, stamp duty (amortised), opportunity cost of down payment. Buying benefits: principal repayment (equity building), tax deductions (Sec 24b, 80C), property appreciation. Renting costs: monthly rent, annual rent escalation. Renting benefit: investment returns on down payment capital.