Is it cheaper to buy or keep renting?
Project the true cost of owning — payment, taxes, insurance, maintenance, appreciation, and equity — against rent over your time horizon.
If you buy
$
%
%
%
$
%
%
If you rent
$
%
yr
After 7 years
Buying wins
Buying becomes cheaper than renting around year 7.
Total cost of owning (net of equity)$327,336
Total cost of renting$360,162
Estimated equity built$466,607
Monthly P&I$4,298/mo
Got a number — now what?
Turn this estimate into a real plan with Chris.
Calculators give you a ballpark. A 15-minute call turns it into a personalized plan based on your credit, income, equity, and timing.
Disclaimer. This calculator is a self-help tool for your independent use and is not personalized mortgage advice, a loan offer, or a commitment to lend. Examples are hypothetical and for illustration only. Actual options depend on credit, income, equity, property type, loan program, and timing.