Wealth Tools
Rent vs. Buy Calculator
Renting isn't wrong and buying isn't automatically right. Compare the monthly cost and the equity you'd build while you stay.
Your comparison
Adjust the inputs. Results update instantly.
Check your county appraisal district; MUD or PID areas run higher.
Texas average is over $3,500 a year (Texas Department of Insurance, 2026). Get a quote for your home.
Monthly cost to own
$3,677
$1,277 more per month than renting at $2,400.
Principal & interest
$2,560
Est. property taxes
$825
Est. homeowners insurance
$292
Comparable rent
$2,400
Difference vs. renting
+ $1,277
Down payment
$45,000
Principal paid over 5 yr
$25,876
Equity after 5 yr
$70,876
Equity shown is your down payment plus principal paid down. It excludes any appreciation, and it excludes the costs of selling. Property taxes and insurance use the rate and annual amount you entered, on a 30-year fixed loan.