Buying and Selling

Renting vs. Buying a Home

Thinking of making the switch from renter to owner? Compare the cost of buying a home vs renting over time

Deciding to buy a home is one of the biggest financial decisions you’ll make. Use the calculator below to get a feel for whether it makes more financial sense to buy or continue to rent. See how factors such as the length of time you plan to stay in the home and the cost of rent affect the calculations. 

If you need  help crunching the numbers or understanding the results, we’re here to help any way we can.

Information and these calculators are made available by one or more third party service providers. All examples are hypothetical and are for illustrative purposes. SunTrust Banks, Inc. and its affiliates do not provide legal or tax advice. Information provided and these calculators are not intended to offer any tax, legal, financial or investment advice. SunTrust cannot guarantee that the information provided or the calculators are accurate, complete, or timely. Federal and state laws and regulations are complex and are subject to change. Changes in such laws and regulations may have a material impact on pre- and/or after-tax investment results. SunTrust makes no warranties with regard to these calculators or the results obtained by their use. SunTrust disclaims any liability arising out of your use of, or any tax position taken in reliance on, these calculators. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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