HOME BUYING TOOLS
Wealth Building Calculator
Whether you know it or not - you are buying a home! Question is, are you buying a home for you of for your landlord. See how homeownership can help you build long-term wealth through equity and appreciation.
Your Scenario
Conventional: PMI required if < 20% down; drops at 80% LTV.
$
$
%
%
Historical average: 3-5% annually
Ownership Costs
Pick a city to auto-fill the property tax rate.
%
%
$
PMI is auto-applied if down payment is < 20%, and drops once you reach 80% LTV.
Rental Comparison
$
%
Your Wealth Growth
Total Equity After 10 Years
$285,000
Home Value After 10 Years
$564,000
Remaining Mortgage
$279,000
Principal Paid
$41,000
Appreciation Gained
$164,000
Rent vs. Buy Comparison
If You Rent
Total Rent Paid:
$262,000
Equity Built:
$0
If You Buy
Total PITI + HOA Paid:
$241,000
Equity Built:
$285,000
Your Net Advantage from Buying:
+$285,000
Projections are based on historical averages and assumptions. Actual results will vary based on market conditions, property location, and other factors.
Benefits of Building Wealth Through Homeownership
Forced Savings
Each mortgage payment builds equity, unlike rent payments which build nothing.
Appreciation
Historically, home values tend to increase over time, growing your wealth passively.
Tax Benefits
Mortgage interest and property taxes may be tax deductible, saving you money.
Ready to Start Building Wealth?
Let us help you find the perfect home and start your journey to financial freedom.