Compare the total cost of renting versus buying over the years you plan to stay — then plan the move in Hunch.
This tool compares the total cost of renting versus buying over the years you plan to stay. Buying includes your down payment, mortgage, and roughly 2%/year of owner costs, offset by the equity and appreciation you build; renting assumes about 3%/year rent growth.
Buying has big up-front costs that take years to earn back through equity and appreciation. The longer you stay, the more buying tends to win; for short stays, renting is often cheaper.
Property taxes, insurance, maintenance, and closing/selling costs. This calculator bundles ongoing owner costs at about 2% of the home value per year.
No. If you’d invest the difference, move soon, or buy in a flat market, renting can come out ahead. It depends on price, rate, time horizon and appreciation.
Track your rent, savings and net worth in Hunch to see how a home purchase would reshape your finances before you commit.