Resources
Rent vs. buy calculator
Renting has no wrong answer — but this shows when buying starts to pay off, and what your equity could look like down the road.
Over 7 years
Buying likely costs less
Net cost to buy$150,692
Net cost to rent$208,515
Break-even point~4 years
Home value in 7 yrs$625,068
Your equity at sale$201,034
Run the numbers on a real home
Chase can pull actual comps and rents for your target area and show you where buying pencils out.
A simplified estimate using your assumptions (appreciation, rent growth, ~1%/yr maintenance, 3% buying and 6% selling costs). It doesn't model tax deductions or investing your down payment. Real results vary — use it as a starting point.