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Buy vs Rent
Determine whether you can afford a home first, then compare the
long-term wealth impact of buying versus renting.
Home Purchase
Buying Assumptions
Renting
Income
Monthly Spending
Investment
Decision logic:
1. First determine whether buying is affordable based on
income, debt, living expenses and housing cost.
2. Then compare long-term wealth separately.
3. A home that creates more theoretical wealth will NOT be
recommended if the monthly budget cannot support it.
4. Monthly savings are invested only when the option is actually
cheaper and the investment setting is enabled.
This calculator is an educational estimate, not financial advice.
Actual lending approval depends on credit, DTI, reserves, taxes,
insurance and lender guidelines.