Wealth Building
Rent vs. Buy Calculator
See exactly how much wealth you are losing to your landlord over the next 5 years compared to owning a home in Huntsville.
Your Scenario
Adjust the sliders to match your current rent and target home price.
$2,500/mo
4.0%
$450,000
5.0% ($22,500)
6.50%
Cost of Renting
Total Rent Paid (5 Years)
$162,490
Equity Gained$0
Rent in Year 5$2,925/mo
Cost of Buying
Net Cost (5 Years) *
$71,069
Equity Gained+$124,807
Monthly Payment$3,265/mo
Stop paying your landlord's mortgage.
Over the next 5 years, you will throw away $162,490 on rent. Let's redirect that money into your own wealth.
* Net cost of buying is calculated as total monthly payments over 5 years minus the equity gained from home appreciation (assuming 4%/yr) and loan principal paydown.