Is it cheaper for you to rent or buy? We'll show you how many years it will take before the cost of buying equals the cost of renting – the breakeven horizon. If you'll stay in your home past the breakeven horizon, consider buying; if you'll move sooner, renting might be a better option.
Monthly Rent
Purchase Price
Down Payment
Mortgage Rate (%)
Rent Inflation (%)
Home Appreciation (%)
Investment Return (%)
Buying Costs (%)
Selling Costs (%)
Buying becomes cheaper than renting after 30 years.
| Cost Breakdown | Rent | Buy |
|---|---|---|
| Initial Costs | $2,200 | $49,800 |
| Recurring Costs (Net) | $74,923 | $116,222 |
| Opportunity Costs / Gains | -$54,708 | -$62,596 |
| Total Net Cost | $20,215 | $103,426 |
IDX provided courtesy of Realcomp II Ltd. via GoodHome Realty and MLS. Copyright 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
The data relating to real estate properties on this website was last updated as recently as .
Listing Information presented by local MLS brokerage: GoodHome Realty and MLS, Inc., REALTOR® - Quinton Lemond - (248) 928-4992.
