The Real Cost of Renting

Most people compare today's rent to today's mortgage. But rent goes up every year. A fixed-rate mortgage doesn't. See what 5 years of waiting actually costs you.

1 Your Current Rent

Monthly Rent

Expected Annual Increase (%)

2 The Home You Would Buy

Not sure what you can afford? Use the How Much Home Calculator first →

Home Price

Down Payment ($)

Interest Rate (%)

Loan Term

County (Property Tax Rate)

Homeowner Insurance (annual)

Home Appreciation (%/yr)

3 Your Situation

How long do you plan to stay in this home?

5+ years

3-4 years

Not sure yet

After down payment and closing costs, would you still have at least 3 months of expenses saved?

Yes

It would be tight

Probably not

If renting is cheaper per month, will you invest the difference?

Yes

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