What costs are missing?

Property tax, insurance, maintenance, HOA, and closing costs.

Is buying always better?

No—depends on prices, rates, time horizon, and maintenance costs.

Understand the tradeoffs and which costs this simple model ignores.

Updated 2025-08-09

A first‑pass monthly payment comparison between rent and a simplified mortgage payment.

Ownership adds taxes, insurance, HOA, and maintenance—but also builds equity and potential appreciation.

Change down payment, APR, and term to see when buying becomes less expensive monthly.

What costs are missing?: Property tax, insurance, maintenance, HOA, and closing costs.
Is buying always better?: No—depends on prices, rates, time horizon, and maintenance costs.

Compare monthly rent vs. mortgage payment (simple model).

Estimate max home price from income, debts, and down payment.

Monthly payment with APR and term.