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Buying · Rent vs. Own

Rent Versus Buying a Home Calculator

Enter your rent, home price, costs, and time horizon to compare the cost of renting versus owning.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

The Home

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Ownership Costs

$
$
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$

Rent & Horizon

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Results

Monthly Ownership

Desired Loan Amount$560,000
Principal & Interest$3,354
Tax / Insurance / MI$600 / $0Tax + insurance monthly; mortgage insurance if LTV > 80%.
Total Monthly Expense$3,954

Annual Comparison

Annual Ownership Costs$48,447
Annual Rent Costs$60,000

At End of Holding Period

Property Value at Sale$851,657
Sales Costs (8%)$68,133
Net Proceeds from Sale$223,524
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Estimates only — not a commitment to lend.

Jim Blackburn

By Jim Blackburn

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Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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