What this comparison leaves out

A rent-versus-buy decision also involves closing costs, maintenance, insurance, taxes, appreciation, selling costs, opportunity cost, and how long you expect to stay. Add local figures before making a decision.

FAQ

Is lower monthly cost always better?

No. Flexibility, upkeep, liquidity, and the long-term opportunity cost of a down payment matter too.

Are these mortgage terms?

This quick comparison uses a planning rate assumption and is not a lender quote.