To Buy or Not to Buy…That Is the Question!
Does it make more financial sense to continue renting or to buy a property? Use our simple rent versus buy calculator to find out! This tool helps you compare the cost of renting and buying, but it factors in a lot more than just the cost of a mortgage payment versus your rent.
When it comes to buying property, lots of factors affect your real-world bottom line, and this calculator captures many of those factors, including the following:
- Inflation
- Rental insurance versus property insurance
- Property taxes
- Projected home appreciation
- Tax savings for property owners
- Expected length of time in the home
Simply fill in all the fields below, using your best estimate when unsure. If you get stuck on a field, just click on it. Instructions and further explanation will appear to the right.
Please note: This calculator takes into account many factors and forces, some of which are variable and unpredictable. It is a forecasting tool only meant to produce estimated results.
TESTIMONIALS
Ray is definitely in a class above almost all realtors in this area. This was my third time working with Ray. I sold my condo and I got an offer that was better than my asking price within the first week. The closing went smoothly and my move was a complete success.
Jon DRay Gernhart or Re/Max Alliance and his staff to list and sell our home in South Arlington in the summer of 2015. Ray and his team went above and beyond to obtain multiple qualified offers and facilitated the follow up activities to bring the deal to a successful conclusion for all parties. We were extremely happy with the process, how we were represented, and were satisfied with our final price we achieved on the sale.
TimOur family first met Ray when we were selling our late mother's home. Ray represented the buyer. He was so knowledgeable and personable that both my brother and I sought his help when we started our own home searches. Buying a home can be so stressful but Ray and his team made it feel seamless. He is my "go to guy" on real estate. If you need a competent responsive realtor, definitely Talk to Ray!
MaryJo P.My wife and I cannot be more happy with Dan and Ray's expert help. They treated us like they've known as their whole lives and they were extremely patient. The experience was truly easy and they helped us find the perfect home.
JohnWe highly recommend Ray and his team! We used two different realtors before finding Ray, and we wish we had found him sooner. His expertise and responsiveness were unparalleled, and he took all the stress out of the home selling process!
JaneRay helped us over the time period of 5 months to find the perfect house. He showed us many homes and wasn't pushy to try and have us purchase a house that was perfect for us. Excellent to work with, very professional.
Jason LI consider myself VERY lucky to have connected with Ray when looking to purchase my first home recently - he was amazing though the entire process ... Being it was a first home, he knew it was an overwhelming experience for me but took the time each step of the way to explain everything and make sure I was comfortable with all my choices/options. Ray is completely professional and knows the Northern Virginia area VERY well and can really help navigate what could be quite a stressful life experience.
Kerry M.Before I started working with Ray Gernhart, I "fired" two other agents. They didn't know or seem to want to learn what I wanted. Ray quickly learned what I liked and soon was pointing to things in homes that he knew I liked or didn't like about a home. He's not an agent that is looking to sell you the most home you can afford/your lender approved you for. Ray wants to sell you the right home. We finally closed on a home at about 75% of my pre-approved loan. Who does that, but an ethical agent truly representing their client's best interest.
Marty MWorking with Dan Seiler, who is part of the Ray Gernhart team was a great experience. Dan worked with us to find the perfect house that fit our wish list. We will work with Dan again in the future for any of our real estate needs.
Jeff MRay has been so helpful with trying to find us a house in northern Virginia. My husband and I are both so pleased with ray's caring and meeting our needs. I highly recommend him to everyone.
ClaireI love Ray! He showed my husband and I amazing, reasonable homes to purchase and I couldn't be any happier. He is also the sweetest, most genuine person ever and I have referred him to everyone I know! Trust Ray because it will be the smartest decision you ever made!
Gauri G.We've used Ray for all our real estate transactions since the late 80s when I moved to VA and bought my first condo in Fairlington. We've since upgraded to a single family home in Vienna, VA and Ray has helped us find some great investment properties in Arlington. He really knows this area and knows how buyers, sellers and renters think. Every transaction we've done has been profitable, thanks to Ray!
Liz P