Rent vs Buy Calculator
Compare the financial impact of renting vs buying a home in Armenia
Currency
Use the market-approximated cadastral value from your tax notice or e-cadastre.am, not the purchase price.
Recommendation
Buying is better
over 10 years
You save by buying
֏13,801,388
Net Worth if Renting
֏25,404,574
Net Worth if Buying
֏39,205,963
Total Rent Paid
֏30,186,942
Total Cost of Buying
֏45,097,813
Costs included in this scenario
Annual Property Tax (2026)
֏13,000
Initial Annual Insurance
֏45,000
One-time Buying Costs
֏300,000
Selling Costs at Exit
֏1,180,291
Breakeven Point
Buying becomes better after 2 years
Scenario, not a forecast
Rent growth, investment return, and appreciation are your editable assumptions. Use conservative values and compare several scenarios.
Property Appreciation
Buyer net worth is the projected property value minus the remaining loan and selling costs, plus any invested cash-flow savings.
Hidden Costs of Ownership
Property tax uses Armenia's progressive apartment brackets on the entered cadastral value. Maintenance, insurance, buying, and selling costs use your editable assumptions.
Plan your mortgage payments
Mortgage Calculator