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Rent vs Buy Calculator
Compare the costs of renting versus buying a home over time
Equal Housing Lender • Loans originated by Nick Petrosov (NMLS #2015537) through Guild Mortgage Company (NMLS #3274)
Licensed in California. This is not a commitment to lend. All loans subject to underwriting and credit approval.
Calculator Inputs
Home Purchase Details
20.00% → ≈ $150,000 on $750,000 home
1.25% → ≈ $9,375 / yr on $750,000 home
$1,875 / yr → ≈ 0.25% of $750,000 home
1.00% → ≈ $7,500 / yr on $750,000 home
$300 / yr → ≈ $25.00 / mo
Results
Factors to Consider
Beyond the numbers, consider these important factors when deciding between renting and buying.
Buying Advantages
- Build equity over time
- Stable monthly payments
- Tax benefits (mortgage interest deduction)
- Freedom to customize your home
- Potential for appreciation
Renting Advantages
- Lower upfront costs
- No maintenance responsibilities
- Flexibility to move easily
- No property tax or insurance
- Predictable monthly costs
When Buying Makes Sense
- You plan to stay in the area for 3+ years
- You have stable income and emergency savings
- You're ready for homeownership responsibilities
- You want to build equity and wealth over time
Let's Get You Home
Ready to start your home buying journey? Get pre-approved today and strengthen your offers.
What You Get:
Secure online application
Same-day review
Close in 14 days
Local Bay Area expertise
Competitive rates