Calculator
Rent vs. buy calculator
Compare your current rent to an estimated buy payment, and see what you'd have to show for it — equity built — over your chosen horizon.
Your numbers
Estimated monthly difference (buy − rent)
Estimate
+$963/mo
Buying is estimated to cost more per month than your current rent, including estimated maintenance.
What you’d have to show for it
Estimated equity after 5 years
$109,121
Estimated home value at that point: $405,746
Renting builds no equity of your own — this is what buying could build instead, not a promise of investment return. Home values can also go down.
This is an estimate for planning purposes — your actual rate, taxes, and costs will vary. Confirm real numbers with a licensed lender.