Purchase closing costsClosing costs paid when you buy, based on your purchase price assumption.
$8,125
Inputs
Ownership assumptions
Purchase, financing, and carrying costs for the home you are considering.
Not sure what values to use? The default assumptions are intended to be reasonable starting points for many homebuyers. If you're unsure about items such as appreciation, inflation, rent increases, or closing costs, the default values will often provide a useful first estimate. Adjust any assumption to better reflect your situation or expectations.
Tax, insurance, HOA, repairs, and similar costs.
Inputs
Rental assumptions
Monthly rent and related costs if you choose not to buy.
Yard care, rental insurance, and similar costs.
Results
Ownership breakdown
Estimated purchase, financing, and sale costs over your holding period.
Loan amountPurchase price minus your down payment.
$260,000
Ending home valueEstimated home value at the end of your holding period.
$484,521
Total appreciationChange in home value from purchase to sale.
$159,521
Interest expenseMortgage interest paid during your holding period.
$162,839
Principal paidMortgage principal paid down during your holding period.
$38,488
Total ownership expensesTotal ownership expenses over your entire holding period, including purchase closing costs, mortgage interest, ownership expenses, and sale closing costs.
$334,888
Sale closing costsEstimated closing costs when you sell the home.
$38,762
Results
Rental breakdown
Estimated rent and related costs over the same holding period.
Rent paidTotal rent payments, adjusted for annual rent increases.
$279,483
Total rent expensesMonthly renting expenses, adjusted for inflation over your holding period.
$7,362
Total cost to rentCombined rent payments and rent expenses over your entire holding period.
$286,845
Summary
Rent vs buy comparison
Bottom-line comparison over your selected holding period.
Total ownership cost or profitNet ownership outcome including appreciation, closing costs, interest, and carrying expenses.
$175,368 net cost
Total cost to rentCombined rent payments and rent expenses over your entire holding period.
$286,845
Net savings from owningOwnership outcome minus total cost to rent. A positive amount means owning costs less than renting over this period.
$111,478 savings
Notes
How to read this tool
Results update as you change inputs. Costs are shown as positive dollar amounts. The summary compares total ownership outcome to total cost to rent over the same number of months.
These numbers are estimates only and are provided for general informational purposes. They should not be construed as tax, legal, investment, or financial advice. Actual costs, market conditions, loan terms, taxes, insurance, maintenance, and appreciation may vary.