How the comparison works
Buying cost includes down payment, buyer closing costs, mortgage payments, property tax, insurance, and maintenance, less modeled net proceeds after selling costs and the remaining mortgage. Renting cost compounds the entered rent growth annually.
Important limitations
- This is a cash-cost comparison and excludes investment opportunity cost and income-tax effects.
- Appreciation, rent growth, repairs, insurance, and transaction costs are uncertain.
- Exclude emotional preferences and flexibility from the numeric result; they still matter to the decision.