What if you rent a little longer?
Explore a hypothetical financial comparison over your own timeline.
Illustrative defaults only. Enter your own figures. All amounts in US dollars.
How this works · assumptions and limitations
This compares modeled ending assets, not just rent paid versus mortgage payments. Owner assets = future home value after entered selling costs − remaining loan balance + invested monthly savings when renting costs more. Renter assets start with the down payment and purchase closing costs, then add invested monthly savings when owning costs more. Both savings accounts compound monthly at the entered annual effective return. Taxes, insurance, HOA and maintenance rise annually at the cost-growth input; rent rises annually separately. The mortgage is fixed-rate and stops at its term. Home value changes annually. Excludes mortgage insurance, utilities, renter’s insurance, moving costs, tax deductions, investment taxes/fees, major repairs and borrowing opportunity constraints. For low down payments, omitted mortgage insurance can materially favor buying. No input is a forecast; test multiple scenarios. Consumer Financial Protection Bureau ↗