Buy vs. Rent
Which path makes sense for you?
Compare the financial outcomes of buying versus renting over your expected time in the home. Adjust assumptions like appreciation, rent growth, and maintenance to fit your situation.
Buy vs. Rent Calculator
Buying Scenario
SA avg: ~3%
Typical: 1%
Renting Scenario
Typical: 3%
Time Frame & Costs
Includes commission + closing costs
Financial Comparison
After 5 years
Buying Net Position
-$194,528
Renting Net Position
-$140,161
Buying Advantage
-$54,366
Renting appears more favorable
Over 5 years, renting saves you $54,366 compared to buying. Consider a longer time frame or different market assumptions.
About This Calculator
Default assumptions: Home appreciation 3% per year (San Antonio long-term average), annual rent growth 3%, maintenance 1% of home value per year, buying closing costs 2%, selling closing costs 8%, and PMI 0.5% per year when the down payment is under 20%. PMI is assumed for the whole time in the home.
The calculator accounts for down payment, monthly payments (including taxes, insurance, HOA, and PMI), maintenance, equity buildup, appreciation, and both buying and selling closing costs. For renting, it tracks total rent paid over the period with annual rent increases.
Your net position is what you would have left after all costs are paid and the home is sold (if buying), or the total you spent on rent. A positive buying advantage means buying leaves you ahead financially.
Disclaimer: All results are estimates and not financial advice. Market conditions, interest rates, and personal circumstances vary. Consult Andrew for personalized guidance.