| Rent | Buy | |
|---|---|---|
| Money out over the period | ||
| What you have at the end | ||
| Net position |
Both sides put out the same cash: the down payment and buying costs up front, then the higher of rent or ownership cost each month. Whichever side is cheaper that month invests the difference at your return rate. The renter also invests the down payment. The buyer ends with home value minus loan balance minus selling costs. Net position is what you have minus what went out.
For education and comparison only. Rates, costs and program rules depend on your credit, property and loan, and nothing here is a quote or a commitment to lend. Want the real version for your situation? Let's talk.
Other calculators: Monthly payment · Refinance break-even · Buydown comparison · Extra payments · HELOC · Rent vs. buy
Not sure you're ready to buy?
That's a fine answer, and sometimes it's mine too. Thirty minutes on video and we'll figure out whether the time is now or later, and what to do in the meantime.