Buy vs Rent Calculator
Compare the total cost of renting versus buying a home over time.
Renting Costs
Buying Costs
Buying is cheaper by
$275,778
* Disclaimer: The calculations provided by this tool are for demonstration and educational purposes only and do not constitute a commitment to lend. Actual terms, rates, and payments may vary. Every financial situation is unique and must be discussed with a licensed mortgage professional.
Your Savings
Total Cost of Renting
$343,916
Home Equity Gained
$360,916
Historical Context (Last 30 Years)
Average Home Appreciation: Historically, U.S. real estate has appreciated at an average rate of 4.3% per year. While market fluctuations occur, real estate has consistently proven to be a strong long-term hedge against inflation.
Average Rent Increase: Over the same 30-year period, rents have increased by an average of 3.2% annually, though recent years have seen much steeper spikes in many metropolitan areas.
Disclaimer: This calculator is for demonstration and educational purposes only. It uses simplified assumptions and historical averages that may not reflect your specific market or future conditions. It does not constitute financial advice or a commitment to lend. Property taxes, insurance, maintenance costs, and HOA fees vary significantly by location. Always consult with a licensed mortgage professional or financial advisor regarding your specific situation.
Step 1 of 4
What is the loan purpose?
Select your primary goal.
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Request a free consultation. We'll analyze your situation and offer the best financing options.
Locations
111 Buck Rd, Unit 500, Suite 1
Huntingdon Valley, PA 19006
Our Office
111 Buck Rd, Unit 500, Suite 1 · Huntingdon Valley, PA 19006