Calculators
Mortgage calculator
Results are estimates only. See the disclosure below the results.
Rent vs. buy comparison
Compare a monthly homeownership cost with rent. Rent is modeled with a 2% average annual increase. This does not include tax benefits, maintenance, or opportunity cost.
Monthly buy cost
$2,623
Difference vs. rent today: $423 higher
- Rent in year 5 (at 2%/yr)
- $2,381
- Rent in year 10 (at 2%/yr)
- $2,629
- Buy cost (fixed P&I)
- $2,623
Estimated APR
6.539%
Interest rate: 6.500%
Prepaid finance charges: $1,295.00
Amount financed: $318,705.00
The Annual Percentage Rate (APR) shown is an illustrative estimate for educational purposes only. It is calculated from the figures you enter and assumes the loan is held to full term with no changes. It is not a quote, offer, commitment to lend, or an advertisement of specific credit terms. Actual APR depends on the final loan amount, interest rate, term, and the finance charges that apply to your transaction, and will be disclosed on your Loan Estimate and Closing Disclosure. Third-party costs that are not finance charges (such as appraisal, title services you shop for, recording fees, taxes, and homeowners insurance) are excluded from APR. Rates, fees, and terms are subject to change and to credit approval; not all applicants will qualify.
Projection
How Net Worth May Change Over Time
Equity begins with your down payment, then grows two quiet ways: the loan balance falls each month, and the property may appreciate. Renting assumes a 2% average annual increase. Every figure here is an estimate.
Net advantage vs. renting answers a single question: after selling the home at the end of the period and accounting for every dollar spent on both sides — closing costs, the monthly gap between owning and renting, and selling costs — would you be financially ahead of, or behind, having rented instead? It can start negative in the early years and turn positive as equity builds.
Tap or drag across the chart to read any year.
After 10 years
$445,055
Equity
Estimated home value
$716,339
Appreciation gain
$316,339
Amortization gain
$48,716
Cashflow difference vs. rent
-$43,041
Rent modeled at 2% average annual increase.
Cost to sell
-$42,980
Net advantage vs. renting
$267,034
Appreciation + principal paid, minus upfront closing costs, the cumulative monthly gap between owning and renting, and selling costs. A positive value means buying left you ahead; negative means renting would have cost less over the same period. Excludes tax effects.
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