Should I rent or buy a home?

Buying a home isn't always the better financial choice. With today's mortgage rates and home prices, renting and investing the money you would have spent on a down payment and higher monthly costs can build more wealth, especially if you may move within a few years. Our free rent vs. buy calculator compares both paths side by side, including your mortgage payment, property tax, insurance, maintenance, HOA dues, closing and selling costs, home appreciation, rent increases, and investment returns, so you can see which choice leaves you ahead after 5, 10, or 30 years.

What is the break-even point?

The break-even point is how long you need to stay in a home before buying comes out ahead of renting. Buying has large up-front and selling costs, so it usually takes several years for home appreciation and loan paydown to make up for them. Move the "How long will you stay?" slider to see how the answer changes.

Get personal advice

A home is one of the biggest financial decisions you'll make, and it affects your taxes, cash flow, and retirement plan. Book a free consultation with Abotteen & Co. to review your numbers.

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