Mortgage Calculators

Buy vs. Rent Calculator

Compare the true cost of buying versus renting using live market data. Enter your situation and get a personalized score based on your financial profile, time horizon, and current market conditions.

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Rent Assumptions

Location – ZIP Code

Monthly Rent ($)

Rent Growth Rate (%)

Purchase Assumptions

Purchase Price ($)

Interest Rate (%)

Loan Term

Down Payment (%)

Property Taxes (Annual $)

Home Insurance (Annual $)

HOA Fees (Annual $)

Expected Appreciation (%)

Your Financial Profile

Credit Score

Post-Closing Reserves ($)

Debt-to-Income Ratio (%)

Time Horizon (Years)

Market Inventory (Months)

Mortgage Insurance Premium (estimated)

Not required (≥20% down)

Conditions are NEUTRAL

Score: 48/100 (Based on your assumptions and time horizon)

Index Scoring (educational model)

Cost Ratio0/30

30% weight – Monthly cost comparison

Time Horizon21/30

30% weight – 7 years investment timeline (15+ years = 30pts, 7 years = 21pts)

Market Conditions13/20

20% weight – Rate: 6.58%, Appreciation: 4.2%, Inventory: 3.3 mo

Financial Readiness14/20

20% weight – Credit: 700, 20% down, 3.8mo reserves, 43% DTI

Key Insights

Monthly Cost Analysis: Buying costs $2,714 per month
Financial Profile: 700 credit score with 20% down payment and $15,000 reserves (5.5 months)
Market Timing: Current 6.58% rates with 4.2% expected appreciation favors equity building
Time Horizon Impact: Your 7-year timeline supports full cost recovery

Ready to run real numbers?

This calculator uses planning assumptions. A planning review with Matt gives you actual program options based on your situation.

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Important information about this tool

This Buy vs. Rent Calculator is provided for educational purposes only. It is not an offer to extend credit, a rate quote, a loan approval, or a commitment to lend.

The interest rate used in this tool is a hypothetical or user-entered assumption to estimate principal and interest. It does not include APR and does not reflect all costs of homeownership or borrowing. Results may exclude or simplify items such as points and fees, closing costs, mortgage insurance, maintenance, tax impacts, and other household expenses.

Market inputs (including rent growth, home price appreciation, or inventory metrics) are assumptions and may be based on third-party sources. These figures may change and are not guarantees of future performance. This calculator is not financial, tax, or legal advice. Your actual options and outcomes depend on your personal circumstances and current program guidelines. Please speak with a loan officer for a personalized scenario review.