BUYER RESOURCES
Rent vs. Buy Explorer
Compare costs over your timeline using assumptions you control.
Back homeCompare estimated cumulative costs after selling at the end of your chosen period. Change the example assumptions to explore different outcomes.
After 5 years
Buying net cost = down payment + closing costs + mortgage payments + ownership expenses − estimated sale proceeds. Negative net cost means modeled sale proceeds exceed spending; it is not a promised profit.
| Year | Rent paid | Buying net cost after sale |
|---|---|---|
| 1 | $20,400 | $42,824 |
| 2 | $41,412 | $64,554 |
| 3 | $63,054 | $86,181 |
| 4 | $85,346 | $107,692 |
| 5 | $108,306 | $129,075 |
Assumes a fixed-rate loan, annual value and rent changes, 2% yearly insurance growth, and constant HOA and mortgage insurance throughout. Property taxes and maintenance track modeled home value. Excludes investment returns on cash, tax benefits, rent deposits, moving costs, utilities, special assessments, refinancing, and mortgage-insurance cancellation. Appreciation is uncertain. These omissions can change the comparison.
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Educational information, not a credit decision or loan offer. For your specific situation, talk with Aaron and review your lender’s documents.
More guidance: CFPB homebuying resources