Free tool
Are you better off buying or renting?
Renting isn't throwing money away — but buying builds equity. This compares the two honestly over the years you'd stay, including the equity you'd gain.
What you'd pay to rent
Comparable home to own
Cash you'd put down
The longer you stay, the more buying wins
Over your stay, buying comes out
—
Total cost to rent
$—
Net cost to own
$—
Equity you'd build
$—
Estimate for education only. Assumes ~6.5% rate, 30-yr term, taxes/insurance ~1.5%/yr, ~3% yearly home appreciation and rent increase, and typical selling costs. Real outcomes vary widely. Not a commitment to lend. Equal Housing Opportunity · NMLS #2650609.
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