Client-friendly planning tool

Buy vs Rent Calculator

Compare monthly payment, cash needed to buy, long-term equity, and the estimated break-even year. This is a planning estimate, not a loan approval or final quote.

1. Start with today

Only a few numbers are needed to get a useful first look.

$
Use the full rent payment before utilities.
$
Use a realistic target price.
%
Percent of the purchase price.
Most clients understand 5–7 years best.

2. Loan estimate

Update once the client has a lender quote.

%
Annual rate, not APR.
30 years is the most common.
%
Annual percent of home value.
$
Use a quote when available.
$
Use 0 if there is no HOA.
%
Annual % of loan. 0 if not applicable.
Advanced assumptions
%
%
%
Annual percent of home value.
%
Prepaids and loan costs vary.
%
%
Used when one option costs less.

Buy vs Rent Summary

Plain-English answer

Renting looks ahead

Over 7 years, renting could leave you about $63,960 better off than buying.

Break-even: year 12
Rent today
$2,200
Buy monthly
$3,541
Cash to buy
$55,250
Net advantage
$63,960
At year 7RentBuy
Net worth estimate$202,805$138,846
Total paid out$208,515$352,685
Home equity after sale—$138,846

For education only. Actual approval, rate, payment, taxes, insurance, mortgage insurance, HOA dues, closing costs, and seller costs may vary.