Rise Lending Group

Tools

Buy vs. rent calculator

Compare the total cost of renting with the net cost of owning, including payments, taxes, insurance, maintenance, and estimated equity.

Buy vs. rent calculator

7-year comparison
$2,200
3.00%
$485,000
$97,000
6.125%
30 yr
3.00%
7 yr
0.85%
0.35%
$0
1.0%
Total rent over 7 yrs
$202,289
Net homeownership cost
$121,805
$3,247
Monthly own cost
$247,918
Estimated equity
$348,571
Remaining balance

Estimate only. Net homeownership cost includes payments, taxes, insurance, HOA, maintenance, and estimated equity at 3% annual appreciation. It does not include tax deductions, closing costs, or selling expenses. We'll build a personalized scenario during pre-approval.

Not sure which fits your life?

Buying is about more than the numbers. Let's talk about your timeline, savings, and goals to find the right next step.

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FAQ

Buy vs. rent questions.

Should I buy or keep renting?+

It depends on how long you plan to stay, local home prices, rent growth, and your financial readiness. This calculator compares total rent costs with the net cost of owning over the same timeframe.

What goes into the homeownership cost?+

We include principal, interest, estimated taxes, insurance, HOA dues, maintenance, and estimated equity growth at your chosen appreciation rate. We do not include closing costs, selling costs, or tax deductions.

How long do I need to stay to make buying worth it?+

Generally, the longer you stay, the more likely buying becomes the better financial move — because you build equity while rent continues to rise. We can model different scenarios for your timeline.

Ready to see what you qualify for?

Start with a quick conversation or apply now. Either way, a real person will be with you the whole way.

Get Pre-ApprovedLet's Chat Numbers
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