Buy vs rent calculator Rent or buy?

Compare owning with renting over the same years, plus projected equity. Tweak the assumptions; they matter a lot.

About this estimate

Compare housing cash outflows, rent paid and equity after an assumed sale. Equity isn't profit: your down payment and principal payments helped create it.

The interactive calculator needs JavaScript; no estimate is calculated here without it. Call or text 800-266-8663 or contact David and Tasha to discuss your numbers.

Your numbers

* Required

Home price *

Down payment *

Interest rate *

Initial illustrative 6.750% interest / 6.750% APR; not a quote. This static APR applies only to the initial inputs, not your edits. Loan term *

years

Monthly rent *

Rent growth *

% / year

Home appreciation *

% / year

Years *

Property tax *

% / year

Homeowners insurance *

% / year

HOA *

/ month

Maintenance placeholder *

% / year

Selling-cost placeholder *

Initial illustrative inputs only. The disclosures below do not update when you edit the calculator and are not quotes, approvals, or a promise of savings. Rates change daily. Everything stays in your browser; we don't see or store it.

Example only (Initial purchase inputs): $680,000.00 loan; $170,000.00 down; 30-year fixed; 6.750% interest rate, 6.750% APR; $0.00 cash-paid prepaid finance charges (no discount points); 360 monthly P&I payments of about $4,410.47, no balloon; first payment in one month. No mortgage insurance assumed; taxes, property insurance and HOA excluded; actual payment higher. Not a quote/approval; rates change daily; your rate, APR and terms will differ.

Initial housing-cost assumptions: $850,000.00 price; 1.250% annual property tax, 0.500% annual homeowners insurance, $0.00 monthly HOA. These are planning placeholders, not property-specific quotes. Mortgage insurance is $0 at the initial 20% down payment.

Insurance is set to 0.50% a year as a placeholder, not an average or a quote. In fire-prone areas it can cost much more, so get a quote for the actual address. Mortgage insurance and program fees are excluded.

What this tells you (and what it doesn't)

Compare housing cash outflows, rent paid and equity after an assumed sale. Equity isn't profit: your down payment and principal payments helped create it.

How long you stay and what your down payment could earn elsewhere can change the answer. Selling costs make short stays harder to justify. This model doesn't calculate an investment return on the renter's savings.

Assumptions

Maintenance starts at 1% of each year's modeled home value and selling costs at 6% of future value. Both are editable teaching placeholders, not market averages or quotes.
Appreciation and rent growth are assumptions, not forecasts. Property tax and insurance are placeholders.
Excludes tax benefits, opportunity cost, purchase closing costs and mortgage insurance.

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A calculator uses guesses. We can price actual loans for your situation.

Rates, terms, and eligibility depend on credit profile, income, property, loan program, occupancy, market conditions, and underwriting approval.

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Buy vs rent calculator Rent or buy?

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