Dallas Rent vs Own Calculator
Compare what you pay in rent to what you would pay to own, month to month and over the years you plan to stay. The assumptions are simple and shown in the result so you can argue with them.
$0estimated monthly cost of owning (payment, tax, insurance at 1 percent and upkeep at 1 percent of the price a year; use your own insurance quote) versus your rent
Owning tends to win over longer holds and lose over short ones, because selling costs take a bite at the end and the early payments on a loan are mostly interest. In Dallas the property tax line is large, so the year where owning pulls ahead depends heavily on the price and the rate. Change the years above to find your own break even, then run the numbers on a real house.
Thinking about buying?
Tell us your rent, your budget and your timeline and we will tell you honestly whether buying makes sense yet.