Rent vs. own

Compare your monthly costs

Put what you pay now next to what a home would actually cost each month — payment, taxes, insurance, and utilities. Nothing is saved or sent.

Your current housing

Monthly rent or payment ($)

Renters / home insurance ($ per month)

Utilities ($ per month)

Rent / payment$1,800/mo

Insurance$25/mo

Utilities$180/mo

$2,005 /mo total

This home

Home price ($)

Down payment (%)

Rate (%)

Home insurance ($ per month)

Utilities ($ per month)

Principal & interest$2,275/mo

Property taxes (est., owner-occupied)$188/mo

Insurance$220/mo

Utilities$210/mo

$2,893 /mo total

Owning this home would run about $888/mo more than your current housing.

Affordability band

Household gross income ($ per month, before tax)

36% of gross income · Stretch zone

28% comfort36% stretch

Lenders often look for housing costs near 28% of gross income and total debt under 36%. This uses payment, taxes, and insurance (utilities excluded, matching the common front-end ratio). A guideline, not a qualification.

Rent anchoring

Against your current rent of $1,800/mo, owning this home is $1,093/mo more.

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A planning estimate from the numbers above — not a quote, lending offer, or tax advice. Confirm rates, taxes, and insurance with your lender and agent.