Rent vs. Buy

Name: Rent vs. Buy
Rating: 4.8 (1240 reviews)
Author: Homees

See the real cost of waiting another year

General Settings

Time Horizon

years

Expected Investment Return

If you invested the down payment and monthly difference.

Rent Scenario

Current Monthly Rent

/mo

Annual Rent Increase

Buy Scenario - Financing

Home Price

Down Payment

Down payment: $130K (20.0%) · Loan: $520K

Closing Costs

Selling Costs (at end)

Mortgage Rate

Amortization

Buy Scenario - Ongoing Costs

Property Tax (% of home value/yr)

Home Insurance (Monthly)

Maintenance (% of home value/yr)

CapEx Reserve (% of home value/yr)

Condo Fees (Monthly)

Expected Home Price Growth

% /yr

Advanced Options

Results After 7 Years

Renting wins

Break-even at year 12

Net worth - buy$338.9K

Net worth - rent$359.1K

Difference$20.3K

Monthly buy cost$4.3K/mo

Monthly rent$2.6K/mo

Assumes difference invested at your return rate

Net Worth Over Time

Monthly Outflow Comparison

Rent Scenario

Total Rent Paid$242.7K

Initial Investment$139.8K

Buy Scenario

Total Interest Paid$160.3K

Total Principal Paid$89.7K

Unrecoverable Costs$329.2K

Ending Home Value$801.7K

Ending Mortgage$430.3K

Net worth after 7 years

If you buy$338.9K

If you rent + invest$359.1K

If you move within 7 years, renting and investing keeps you about $20.3K ahead.

Let’s find a path

Not quite there — but closer than you think.

An agent can spot programs, neighbourhoods and options a calculator can’t. It costs nothing to ask.

Verified Homees agents · replies within 24h

No cost, no obligation

They see your full report

Local market expertise

Take your numbers with you

Download your rent-vs-buy breakdown. Earns +50 IQ.

Estimates use 0.8% property tax, 1% maintenance, 1.5% closing and 5% selling costs. Guidance only - not financial advice.

Keep going

Your next 3 moves

Affordability Calculator

If buying wins - find your real budget.

Open

True Cost of Owning

See the full monthly picture.

Open

Fixed vs. Variable

Which mortgage strategy wins over 5 years?

Open

Rent vs. Buy

See the real cost of waiting another year

General Settings

Time Horizon

years

Expected Investment Return

If you invested the down payment and monthly difference.

Rent Scenario

Current Monthly Rent

/mo

Annual Rent Increase

Buy Scenario - Financing

Home Price

Down Payment

Down payment: $130K (20.0%) · Loan: $520K

Closing Costs

Selling Costs (at end)

Mortgage Rate

Amortization

Buy Scenario - Ongoing Costs

Property Tax (% of home value/yr)

Home Insurance (Monthly)

Maintenance (% of home value/yr)

CapEx Reserve (% of home value/yr)

Condo Fees (Monthly)

Expected Home Price Growth

% /yr

Advanced Options

Results After 7 Years

Renting wins

Break-even at year 12

Net worth - buy$338.9K

Net worth - rent$359.1K

Difference$20.3K

Monthly buy cost$4.3K/mo

Monthly rent$2.6K/mo

Assumes difference invested at your return rate

Net Worth Over Time

Monthly Outflow Comparison

Rent Scenario

Total Rent Paid$242.7K

Initial Investment$139.8K

Buy Scenario

Total Interest Paid$160.3K

Total Principal Paid$89.7K

Unrecoverable Costs$329.2K

Ending Home Value$801.7K

Ending Mortgage$430.3K

Net worth after 7 years

If you buy$338.9K

If you rent + invest$359.1K

If you move within 7 years, renting and investing keeps you about $20.3K ahead.

Let’s find a path

Not quite there — but closer than you think.

An agent can spot programs, neighbourhoods and options a calculator can’t. It costs nothing to ask.

Verified Homees agents · replies within 24h

No cost, no obligation

They see your full report

Local market expertise

Take your numbers with you

Download your rent-vs-buy breakdown. Earns +50 IQ.

Estimates use 0.8% property tax, 1% maintenance, 1.5% closing and 5% selling costs. Guidance only - not financial advice.

Keep going

Your next 3 moves

Affordability Calculator

If buying wins - find your real budget.

Open

True Cost of Owning

See the full monthly picture.

Open

Fixed vs. Variable

Which mortgage strategy wins over 5 years?

Open