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    Rent vs Buy Calculator

    Rent vs. Buy Calculator

    Estimate monthly costs and long‑term equity to see if owning in the Roanoke Valley & Smith Mountain Lake could beat renting.

    Gerner Co Real Estate

    Your Details

    Estimates only. Taxes/insurance/PMI vary by property and borrower. For a personalized plan, contact [email protected] or call 540‑353‑1360.

    Results

    Estimated Mortgage (P&I)

    $—

    Total Monthly Owning Cost*

    $—

    Current Monthly Rent

    $—

    5‑Year Equity (Est.)

    $—

    *Owning cost includes P&I + taxes + insurance + est. PMI + HOA. It excludes utilities/maintenance.

    5‑Year Outlook

    Total Rent Paid (5 yrs)
    $—
    Net Owner Position*
    $—
    • *Net Owner Position ≈ Equity from principal paid + appreciation + down payment − est. selling costs (6%).

    Next Step

    Want a custom plan with local lender options and starter‑home picks in the Roanoke Valley & SML? We’ll build it for you.

    © Gerner Co Real Estate • This tool is for education only and does not constitute financial advice.