Tools · Comparison Tool

Rent vs Buy

The honest answer depends on your numbers and, above all, on how long you plan to stay. Enter what you pay in rent and what the home you want would cost to see both sides side by side over your time horizon.

Comparison Tool

Enter your information.

Rent inputs and their results are on the left. Home-buying inputs and their results are on the right, so you can compare the two sides at a glance.

Renting

$
$

Renting

Monthly rent
$0
Monthly renters insurance
$0
Monthly outflow (rent + insurance)
$0
Total cost to rent over the period
$0

Buying

$
$
%
$
$
%

Buying

Principal & interest
$0
Property tax (monthly)
$0
Insurance (monthly)
$0
Total monthly payment
$0
Total cost to buy over the period
$0

Results update live as you change any field. No button needed.

Comparison Results

After 7 years:

Total Cost of Renting
$0
Total Cost of Buying
$0
Equity After Stay
$0

Principal paid down plus appreciation over the years you stay, roughly what you would keep before selling costs such as agent commission, closing, and repairs.

Renting and buying come out about even.

Based on the numbers you entered.

This comparison depends heavily on how long you stay, and the numbers are estimates only. It assumes rent and renters insurance rise about 4% a year, home values rise at the appreciation rate you enter, maintenance of about 1.5% of the home price per year, and property taxes and homeowners insurance stay level. Your actual rate, taxes, insurance, and costs will differ. Talk to Teri about your real numbers.

Your Move Matters

Let us plan the move together with clarity and confidence.

Whether you are buying your first home, selling a longtime family property, or weighing an investment, the first conversation costs nothing and changes everything.