FOR PARENTS

Rent for four years — or own something when college ends?

Run the numbers with our interactive calculator and see what makes sense for your family.

Roosevelt University · Chicago, IL

Compare Your Options

Your InputsYour Results

College or University

Years remaining in college

Estimated monthly rentHome purchase price (estimated)Down payment

$85,95720%

Number of roommates (excluding your student)

Estimated 4-Year Cost

Renting$124,176Total housing cost

Predictable costs
No maintenance
Flexible
Easier to move

Buying$161,082Estimated net cost

Potential equity
Roommate income
Tax advantages est.
Long-term investment

Estimated Difference$36,906Potential savings with renting

Still unknown: property taxes, HOA / association cost. They are not represented as confirmed $0 costs.

This is an estimate. Actual results may vary.

What Could Change This Answer?

⌂HOA rules and restrictions◇Property taxes and insurance⌁Maintenance and repairs♙Roommate vacancy risk↗Market appreciation$Selling costs after graduation

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