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Rent or buy

Rent vs buy calculator

Compare monthly housing costs and a simplified five-year scenario.

Rent or buy

Your numbers

Adjust the assumptions below. Results are estimates in USD.

This five-year illustration assumes a 30-year mortgage and flat rent. It excludes maintenance, transaction costs, tax effects, principal paydown and the opportunity cost of your down payment.

How this works: this compares monthly cash flow and a simple 5-year appreciation estimate. It does not include all ownership costs, tax benefits, selling costs, or principal paydown.

This is an estimate only and not a loan approval or commitment to lend.

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How to think about renting versus buying

Compare current rent with estimated monthly ownership cost including mortgage payment, tax, insurance, HOA, and appreciation assumptions.

Buying can have higher monthly cost but may build long-term equity if values rise and the loan is paid down.

This simplified model does not include every cost, tax benefit, maintenance item, selling cost, or principal paydown detail.

Frequently asked questions

Is buying always better than renting?

No. It depends on your timeline, cash reserves, monthly budget, property market, and lifestyle needs.

Does this include maintenance and selling costs?

No. It is a simplified planning tool and should be reviewed with a full scenario analysis.

Can East Star Mortgage help compare options?

Yes. We can help compare monthly payment, down payment, loan type, and timing for your situation.

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