Dreaming of owning your own home but not sure if you're ready? With our Rent vs Buy Program, many clients are surprised to learn they could afford a home for the same—or even less—than what they're currently paying in rent. And the best part? You could get started with as little as $1,000 down. Our calculator helps you compare your current rent with a potential mortgage, breaking it all down in a simple monthly budget analysis.

Rent vs Buy Calculator | Pathways Home Group

You can buy a house for the same as rent

Use our calculator to see how your rent compares to buying

Based on a 6.5% rate
No numbers are exact or guaranteed — changes can occur at any time
Numbers do not include taxes or insurance

Buy vs Rent – Which is Right for You?

Deciding whether to Buy vs Rent is one of the most important financial and lifestyle choices you’ll make. At Pathways Home Group, we believe informed decisions lead to better outcomes, and we’re here to guide you through the process.

The Case for Buying
Buying a home builds long-term equity and stability. Every mortgage payment is an investment in your future, and owning property allows you to build wealth over time. With today’s competitive markets, buying also offers tax advantages, personalization of your space, and protection against rising rental costs.


The Case for Renting

Renting provides flexibility, especially if you’re not ready to commit to one location or want to avoid the responsibilities of home maintenance. It may be the smarter choice if you need mobility, have short-term plans, or are still preparing financially for ownership.


Why Work with Pathways Home Group?

We specialize in helping clients weigh the pros and cons of Buy vs Rent. With local market insights, personalized advice, and a commitment to your goals, we ensure you make a decision that’s right for your lifestyle and financial future.

Whether you choose to rent now or buy your dream home, Pathways Home Group is here to help you every step of the way.

From rent to keys —
let’s talk!

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Rent vsBuy Program

You can buy a house for the same as rent.

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What You'll Need to Know

Down Payment

Traditional down payments are around 20% of a home's value—but not with us. Our Rent vs Buy Program makes homeownership accessible, starting at just $1,000 down depending on loan type and qualifications.

A higher down payment lowers your monthly mortgage and can qualify you for better interest rates, but don't let a small savings account hold you back—we have options.

Annual Household Income

This includes your and your co-borrower's combined income before taxes:

  • Salary, commissions, bonuses
  • Tips, overtime
  • Rental or investment income
  • Alimony or child support (if applicable)

This helps determine how much house you could comfortably afford.

Other Monthly Debts

Include the minimum required payments for:

  • Credit cards
  • Car loans
  • Student loans
  • Alimony or child support
  • Any current home loans (except the one you're applying for)
  • Personal loans or rent

Do not include balances you pay off in full each month, or rent that will be replaced by your mortgage.

Loan Term

Most clients choose a 30-year fixed mortgage for lower monthly payments, but 15-year and other term options are available. Your loan term will affect your monthly payment and the total interest paid.

Interest Rate

For simplicity, our calculator uses a 6% fixed interest rate. Your actual rate may vary depending on your credit, loan program, and other factors—but we'll guide you through every step.

Taxes & Insurance

Estimated property taxes and homeowners insurance are built into your monthly budget estimate. You can adjust these for more accuracy based on the home you're looking at.

HOA Fees (if applicable)

If you're buying a condo, townhome, or property with a Homeowners Association, a monthly fee may apply. These fees go toward maintaining common areas and amenities.

Debt-to-Income Ratio (DTI)

This is one of the biggest factors in your mortgage approval. It compares your total monthly debts to your gross monthly income.

  • Ideally, keep it below 36%
  • FHA loans may allow up to 41%
  • Below 20%? That's excellent!
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Bottom Line

If you're paying rent, you're already paying a mortgage—just not yours.

With down payments starting at $1,000 and flexible loan options, there's a good chance you can own a home sooner than you think.

Let us help you run the numbers—and start the journey to owning your future.

👉 Try the calculator and find out what you could own for the same price as rent.

Buy vs Rent in Apple Valley

Thinking about whether to buy a home or continue renting in Apple Valley? Pathways Home Group helps you explore the pros and cons of each. Homeownership in Apple Valley can build equity and stability, while renting may offer flexibility and lower upfront costs.

We provide insights on market trends, rental prices, and the long-term financial benefits of buying vs renting in Apple Valley so you can make the decision that’s right for your future.

Buy vs Rent in Burnsville

Wondering whether to buy a home or keep renting in Burnsville? Pathways Home Group guides you through the advantages of both. Owning a home in Burnsville builds long-term equity, while renting provides short-term flexibility.

We compare local housing trends, rental prices, and lifestyle considerations to help you decide if buying or renting in Burnsville is the best move for you.

Buy vs Rent in Eagan

Deciding between buying a home or renting in Eagan? Pathways Home Group delivers expert guidance on both options. Homeownership in Eagan can be a smart investment, while renting may suit those seeking mobility and fewer responsibilities.

Our analysis of home values, rent trends, and financial benefits helps you weigh whether buying or renting in Eagan fits your goals best.

Buy vs Rent in Farmington

Should you buy a home or keep renting in Farmington? Pathways Home Group can help you evaluate. Owning a home in Farmington creates long-term value, while renting offers short-term convenience.

We review housing data, rental costs, and lifestyle factors so you can confidently choose between buying or renting in Farmington.

Buy vs Rent in Inver Grove Heights

Trying to decide between buying a home and renting in Inver Grove Heights? Pathways Home Group helps you compare both paths. Buying a home in Inver Grove Heights can build financial security, while renting may keep things flexible.

With insights into local real estate trends and rent prices, we guide you through the decision of whether to buy or rent in Inver Grove Heights.

Buy vs Rent in Lakeville

Debating between buying a home and renting in Lakeville? Pathways Home Group offers expert advice to weigh the choices. Homeownership in Lakeville provides equity and stability, while renting has advantages like mobility and fewer upfront costs.

We highlight market conditions, price comparisons, and financial considerations to help you decide whether buying or renting in Lakeville makes sense for you.

Buy vs Rent in Mendota Heights

Considering whether to buy a home or continue renting in Mendota Heights? Pathways Home Group makes the decision easier with clear comparisons. Buying in Mendota Heights allows you to invest in your future, while renting may keep your options open.

We cover home values, rental prices, and long-term benefits so you can make the right choice between buying and renting in Mendota Heights.

Buy vs Rent in Minneapolis

Should you buy a home or rent in Minneapolis? Pathways Home Group provides expert insight to help you weigh the options. Owning a home in Minneapolis can build lasting equity, while renting offers convenience and flexibility.

We analyze real estate market trends, rental prices, and financial outcomes to guide you in making the best decision on buying vs renting in Minneapolis.

Buy vs Rent in Northfield

Choosing between buying a home and renting in Northfield? Pathways Home Group helps you explore both sides. Buying a home in Northfield supports long-term investment, while renting may fit if you want short-term flexibility.

We provide guidance on pricing, market trends, and lifestyle considerations to help you decide between buying or renting in Northfield.

Buy vs Rent in Saint Paul

Deciding between buying a home or renting in Saint Paul? Pathways Home Group offers the expertise you need. Owning in Saint Paul helps you build wealth, while renting provides freedom and lower maintenance responsibilities.

We deliver insights on housing values, rent averages, and market dynamics to help you make the best decision between buying and renting in Saint Paul.

Buy vs Rent in West St. Paul

Thinking about buying a home or continuing to rent in West St. Paul? Pathways Home Group compares the benefits of both. Homeownership in West St. Paul brings stability and equity, while renting offers convenience and fewer upfront costs.

Our team provides insights into local market data and rental trends to guide your decision between buying or renting in West St. Paul.

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