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Rent vs Own Calculator — Jacksonville & Northeast Florida

Should I buy or keep renting?

There’s usually a moment when a renter starts wondering whether it’s time to buy. Everyone reaches that point for different reasons, and the decision isn’t the same for every household. Your financial goals, lifestyle, timing, and long-term plans all play a role.

Our Rent vs. Own Calculator is designed to help you explore the numbers at your own pace. It gives you a simple way to compare your current rental costs with the potential benefits of owning a home, without any pressure or obligation.

How This Tool Helps

Shows how rent compares with a mortgage over time
Highlights how equity builds with ownership
Helps you understand possible long-term savings
Lets you test different scenarios based on real-world costs

It’s a great starting point for anyone trying to understand what “making the leap” could look like.

When You’re Ready to Take the Next Step

If you decide you want a clearer picture of what you may qualify for, we work closely with trusted local lenders who can walk you through accurate financing options.

And when you’re ready to explore homes that fit your budget and lifestyle, our sister company, CrossView Realty, is here to guide you through the search and purchase process from start to finish.

Whether you remain a tenant or choose to become a homeowner, our goal is to make sure you have the information and support you need to make the right decision for your situation.

Rent vs. Own Calculator

Compare the estimated cost of continuing to rent versus buying a home over time.

Rent Scenario

Current Monthly Rent ($) Expected Annual Rent Increase (%) Renter's Insurance ($ / month, optional) Time Horizon (Years You Plan to Stay)

Buy Scenario

Home Price ($) Down Payment (%) Interest Rate (Annual %) Loan Term (Years) Estimated Property Taxes ($ / year) Homeowners Insurance ($ / year) HOA Dues ($ / month, if any) Maintenance Allowance (% of home value per year) Estimated Home Appreciation (% per year)

Current Monthly Snapshot

Monthly Cost — Renting:

$0

Monthly Cost — Owning (Estimate):

$0

Over Time: Rent vs. Own

Total Paid in Rent:

$0

Total Payments as Owner:

$0

Difference in Total Payments:

$0

Principal Paid (Equity from Payments):

$0

Estimated Home Value at End:

$0

Estimated Mortgage Balance at End:

$0

Estimated Equity at End (Value – Loan):

$0

With owning, you may walk away with equity that can be accessed if you sell or refinance, unlike renting.

Disclosure: This rent vs. own calculator is a general educational tool and should not be used as the sole basis for deciding whether to buy or rent. All figures are estimates based on the numbers you enter and simplified assumptions about interest rates, appreciation, taxes, insurance, maintenance, rent increases, and other factors. Actual costs, equity growth, and potential tax benefits will vary based on your specific loan terms, property, market conditions, and personal financial situation. This tool does not account for all costs or tax consequences, and it does not represent a loan application, approval, quote, or commitment to lend. Only a licensed mortgage lender can tell you what you qualify for and what your exact payments would be, and only a qualified tax professional or CPA can advise you on any tax benefits of homeownership. We strongly recommend speaking with a licensed mortgage lender and a tax professional for personalized guidance before you begin shopping for homes or making decisions about renting versus buying.