Compare renting vs buying with price, rate, rent, tax, and how long you stay.
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Monthly PITI + HOA
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Monthly rent (year 1)
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Total cost to rent
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Total cost to buy
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Break-even year
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Cheaper by (this stay)
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Verdict
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dyndisc.com/rent-vs-buy
Buy cost is cash to close + mortgage, tax, insurance, and HOA, minus net equity after a 6% cost to sell. Rent cost is rent paid minus growth on the down payment and closing cash invested at your opportunity-cost return. Not a loan offer.
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FAQ
Is it cheaper to rent or buy a house?
Buying usually costs less if you stay past the break-even year after mortgage interest, property tax, insurance, HOA, closing costs, a typical 6% cost to sell, and the return you could have earned on the down payment. If you will move sooner, renting often wins. This page compares those cash flows for your numbers.
How is rent vs buy calculated?
Rent cost is total rent paid minus growth on the cash to close (down payment plus closing costs) invested at your opportunity-cost return. Buy cost is cash to close plus principal, interest, tax, insurance, and HOA, minus net equity after a 6% selling cost. Break-even is the first year buy cost is lower.
How long should I stay for buying to be worth it?
Use the break-even year on this page. If you will stay that many years or longer, the verdict is to buy. If your stay is shorter than break-even, rent wins in that window.
