Mortgage & Rent vs. Buy
Your full monthly housing cost, physician loans included, and whether buying beats renting for the years you’ll stay.
These are example numbers. Answer a few questions and every calculator fills in with yours, saved in this browser.
Physician loans: low or no down payment, no PMI, and student loans often counted at an income-based payment for approval.
$32,500
Shows payoff date and interest saved
Rent vs. buy
Monthly housing cost (PITI)
$5,129/mo
- Principal & interest
- $3,954
- Property tax
- $975
- Insurance
- $200
- PMI
- $0
- HOA
- $0
Same house, three ways to finance it
Rates are example inputs. Physician-loan pricing varies by lender; get quotes.
Rent vs. buy over 5 years
- Better choice at 5 years
- Renting
- Ahead by $18,455 in net worth
- Buying breaks even at
- 6 yr 5 mo
- Stay longer and buying wins
- Without transaction costs
- Buy +$60,595
- Why a 3–5 year stay needs them
The renter invests the down payment, closing costs and the monthly difference at 6%. The buyer’s equity is what’s left after a 7% sale cost. Rent rises 3% a year; maintenance is 1% of value.
Educational estimate. Mortgage-interest and property-tax deductions apply only if you itemize; the shared tax engine checks that for you.