Every rent check you write builds your landlord's wealth. Homeownership turns your monthly payment into equity and a fixed cost you control, instead of one that climbs every lease renewal.
With a home, you're not just paying for a place to live; you're investing in an asset that can grow in value and set up your financial future.
Rent vs. Own
Run the numbers
Rent vs. buy calculator
Buying
Home price
$
Down payment
%
Interest rate
%
Property tax / yr
%
Insurance / yr
%
Loan term
Home appreciation / yr
%
Renting
Monthly rent
$
Rent increase / yr
%
Time & assumptions
Years you'll stay
yrs
Selling cost at sale
%
After 7 years, buying comes out ahead by
$0
in net worth vs. renting
Net worth after 7 years
Buying break-even—
Monthly to buy now$0
Monthly rent now$0
Home value in 7 yrs$0
Estimate only. Assumes 3% closing costs to buy and the selling cost you set; whichever option costs less each month, that money is set aside as cash so both sides are compared fairly. Excludes investment growth on savings and income-tax effects such as the mortgage-interest deduction. Real results depend on the market. Not financial advice.