Renting versus buying calculator

Compare monthly cash flow and a simplified five-year cost of renting versus owning.

Your estimate

Estimated monthly ownership cost—

Monthly rent—

Five-year rent paid—

Five-year ownership outflow—

Estimated loan balance after five years—

Five-year figures assume stable rent, rate, taxes, insurance, and maintenance. Ownership outflow includes down payment, buying costs, and payments, without sale proceeds, tax benefits, appreciation, or opportunity cost. Compare equity and sale costs before deciding. Calculations are for planning only. Actual loan terms and eligibility require a lender review.

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