Rent vs. Buy Calculator

Still on the fence about renting versus buying? Our rent vs. buy calculator helps you compare the true cost of both options over time. You might be surprised at how quickly buying a home can become the smarter financial move for you and your family.
Rent vs. Buy – Impression Homes
Buying
$
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$
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Renting
$
%
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All figures are estimates for illustrative purposes only. Taxes calculated at 80% of home price to reflect homestead exemption. Consult a licensed mortgage professional for exact figures.
Monthly Cost
Buying (PITI) $0.00
Renting $0.00
Difference $0.00
Home Equity Built
5 Years $0
Rent paid: $0
10 Years $0
Rent paid: $0
15 Years $0
Rent paid: $0
30 Years $0
Rent paid: $0
Monthly Payment Breakdown
Buying — $0.00 / mo
Renting — $0.00 / mo
Equity = down payment + principal paid down + home appreciation. Property taxes calculated at 80% of home price to reflect homestead exemption. Rent shown with selected annual increase. Does not include maintenance costs, closing costs, or tax benefits. For illustrative purposes only.
All payment and APR calculations are estimates for illustrative purposes only and are based on assumptions regarding interest rate, loan term, property taxes, insurance, and mortgage insurance. Actual amounts will vary. This calculator does not constitute an offer to lend, a rate lock, or a loan approval. Loan approval is subject to credit verification, underwriting, investor guidelines, and program availability. Rates and terms are subject to change without notice. Your actual APR may be higher. Results do not indicate whether you qualify for a loan. For complete details, please contact us directly.

Ready to Get Your Real Numbers?

Calculators are a great place to start but every situation is unique. The best way to know exactly where you stand is to connect with one of our experienced loan officers. They will review your full financial picture and give you accurate numbers tailored to your specific goals. Reach out today and let us help you take the next step with confidence.
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© 2026 IH Mortgage. All rights reserved. IH Mortgage supports Equal Housing Opportunity, IH Mortgage is headquartered at 5430 Glen Lakes Drive, Suite 170, Dallas, TX 75231.

This is not an offer for an extension of credit or a commitment to lend. All applications are subject to credit and property approval.

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All payment and APR calculations are estimates provided for illustrative purposes only and are based on assumptions regarding interest rate, loan term, property taxes, homeowners insurance, mortgage insurance, and other applicable costs. Actual payment amounts, APR, interest rates, closing costs, and loan terms will vary. This calculator does not constitute an offer to lend, a rate lock, prequalification, preapproval, or loan approval. Loan approval is subject to credit verification, income and asset documentation, underwriting review, investor guidelines, and program availability. Rates, fees, and terms are subject to change without notice. Every borrower’s circumstances are unique, and actual loan terms and qualification depend on factors including, but not limited to, loan type, credit profile, debt-to-income ratio, loan-to-value ratio, occupancy, property type, income, assets, and other underwriting requirements. Your actual APR may be higher than the estimate shown. Results do not indicate or guarantee that you qualify for a loan or any specific loan program. For complete details and a personalized loan analysis, please contact us directly.