Plug in a home price and your current rent. See the year buying becomes cheaper than renting, once equity, tax savings, and selling costs are counted.
| Buying | Renting | |
|---|---|---|
| Cash spent | ||
| Home value | — | |
| Loan balance | — | |
| Selling costs | — | |
| Net spent |
Want me to run this with real numbers for a specific home, or see what you'd actually qualify for? Five-minute soft-pull pre-approval, no hit to your credit.
Text or call Mike: 949.577.6449 · mbelfor@apmortgage.com
This rent vs buy calculator is provided for educational and research purposes only. Calculations are based on the information you enter and assume taxes, insurance, and maintenance rise with home value, and that mortgage interest and property taxes are deductible at your marginal rate. Results are for comparison only and accuracy is not guaranteed. This is not a commitment to lend or an offer of credit. Please talk with a licensed loan officer about your specific situation. Michael Belfor, Branch Manager, NMLS 264700, DRE 01878769. American Pacific Mortgage Corporation, NMLS 1850. Equal Housing Opportunity.