Should I keep renting or buy?
Rent isn't wasted money and buying isn't automatically winning — it depends mostly on how long you'll stay. This tool compares total rent paid against the net cost of owning: payments and upkeep, minus the equity and appreciation you'd walk away with, including realistic buy/sell transaction costs. Short horizons usually favor renting; longer ones flip hard toward owning. See where your timeline lands.
Rent vs. buy
A simplified head-to-head over your time horizon: total cost of renting vs. owning, counting the equity you'd build.
Ownership outlay includes payments, ~1.6%/yr taxes-insurance-upkeep, and ~8% buy/sell transaction costs. Simplified on purpose — the trend matters more than the decimals.
Educational estimate, not a loan offer or financial advice. Rates, taxes, and program rules vary — a licensed professional can turn these ranges into real numbers for your situation.
Want a human to look at your numbers? BuyerMath is built by Gavin Guthrie of The Mortgage Collective — a free 15-minute "where do I stand?" call costs nothing and isn't a test you can fail.
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