Compare how renting versus buying a home will affect your budget and net worth over time. Takes about 90 seconds.
Home price *$
The purchase price you're considering.
Down payment *%
Below 20% adds mortgage insurance.
Interest rate *%
Your annual mortgage rate.
ZIP or state *?We use your ZIP or state to estimate the local property tax rate, which affects the cost of owning. Enter a 5-digit ZIP or a 2-letter state (e.g. TX).
Sets your estimated property tax rate.
Enter a valid 5-digit ZIP code or 2-letter state.
Current monthly rent *$
What you pay today.
Ongoing costs
The recurring costs of owning and renting, so the comparison is fair.
Homeowners insurance *$/ yr
Annual premium. We inflate this 3% a year.
HOA or condo dues *$/ mo
Monthly dues, if any. Leave at 0 for a single-family home.
Renters insurance *$/ mo
Cheap, but counts on the renting side for a fair comparison.
You're all set — see the payoff
We'll show you the exact year buying beats renting and how much wealth you'd build.
Payment
$0
Rent
$0
At closing
$0
Crunching the numbers
Amortizing your loanProjecting home equityComparing to renting
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We'll send your personalized rent vs. buy analysis and have a Moxie loan officer reach out if you'd like.
By submitting, you agree a Moxie Mortgage loan officer may contact you. Estimate only, not a loan offer.
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Moxie MortgageNMLS #1660690
Rent vs. Buy Analysis
A personalized comparison of renting versus buying a home over time.
Your inputs
Buying's net worth advantage ?Your net worth as an owner minus your net worth as a renter, at your chosen time horizon. Owner net worth = your home equity (which includes your down payment) minus all the other cash you've put in (closing and payments, less tax savings). Renter net worth = the rent you've paid, which builds no asset. A negative number early on means the up-front costs of buying haven't been outrun yet.
Home equity you'd build
Tax savings from owning ?The estimated value of deducting your mortgage interest plus property tax (capped at the $10k SALT limit) at your marginal tax rate, added up over your time in the home. It's a benefit renters can't claim. Based on your income's federal marginal tax bracket. Consult a tax professional for your specific situation.
Time horizon — drag to explore30 years
1 yr15 yrs30 yrs
1How your wealth grows
The wealth you build over time
Your down payment isn't a loss — it's day-one equity you own outright. From there, your equity grows two ways: the home appreciates in value, and every mortgage payment pays down your loan. Renting builds none of this — the coral area is wealth you keep.
Home equity (buying)Renting
Year 0Equity $0Renting $0
Where that $0 of equity comes from
2What it costs month to month
Your cost breakdown
These are your starting costs — the initial costs for the first year. They don't stay put: rent climbs every year, while the true costs of a fixed mortgage payment decrease over time as the loan amortizes.
↑
Rent rises about 3% a year — your cost keeps climbing.
↓
Owning holds and eases — your monthly payment is fixed, but the principal portion increases & the interest portion decreases each month.
3Cost vs. savings, side by side
Where your money goes each month
Every renter dollar is gone for good. With buying, part of your payment is principal — savings that move straight into your equity, like a forced piggy bank.
4The bottom line
Why buying wins over time
5Explore the levers
What would change this
Each line re-runs the model with one thing changed.
Ready to make it real?
See what you'd actually qualify for
This is an estimate, not a loan offer. A Moxie loan officer can turn these numbers into a real rate based on your finances — no obligation.