Rent vs. Buy Calculator | Chuma Hicks-Reese
Buyer Resources

Rent vs. Buy Calculator

Enter your real rent, the home you're considering, and how long you plan to stay. See the monthly comparison, your breakeven year, and the bottom line — based on your own numbers, not a rule of thumb. Haven't read the case for buying yet? Start with the FAQ →

Step 1 — Where You Are Now
Just for reference on your results — type in the actual rent and home price you're seeing, and the comparison will reflect your real market.
Step 2 — The Home You're Considering
7.25% reflects Freddie Mac's national average 30-year fixed rate as of early October 2026 — replace it with whatever rate you've actually been quoted.
Step 3 — Ongoing Ownership Costs
1.00%
Georgia's average effective property tax rate is roughly 0.9–1.1%, but rates vary by county.
1.00%
A common rule of thumb for budgeting repairs and upkeep.
HOA Dues

Include if you're targeting homes in an HOA community.

Step 4 — Your Horizon & Assumptions
7 yrs
3.0%
3.0%
Assumes typical selling costs of about 7% (agent compensation and closing costs) if you sold the home at the end of your stay — built into the equity figures below.
Monthly Cost, Side by Side
Renting
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Buying
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Press “Compare Renting & Buying” to see the full picture.

This is an educational estimate only, based on the figures and assumptions you entered. It does not account for taxes, PMI, what a down payment could earn if invested instead, or changes in your rent, income, or the market. It is not financial, tax, or legal advice. Talk with a lender, tax professional, and Chuma about your specific numbers before deciding.

Want to run your exact numbers together?

Every market and every budget is different. Let's talk through your real rent, your target area, and what buying would actually look like for you.

Rent vs. Buy FAQ Back to Buyer Resources