Your next chapter starts with a comparison
Could your monthly rent help support a home of your own? Explore the tradeoffs, compare the numbers and plan your next move in Ontario, Ontario Ranch, Eastvale or the surrounding Inland Empire.
Compare my rent →Flexibility today
A place to make your own
Start with what you pay today
Enter your rent to estimate a purchase price with the same monthly budget, including taxes, insurance, HOA and any PMI. Enter one combined cash amount for your down payment and closing costs; the calculator sets aside an estimated 3% of the home price for closing costs and applies the remaining funds to your down payment. All starting values are examples, not current rate quotes or property-specific estimates.
The next 36 months
Total rent paid over 3 years
$126,000At $3,500 per month, with no rent increases. Rent pays for a place to live but does not build ownership equity.
Renting has upfront costs, too
A rental may require first month’s rent plus a security deposit equal to one month’s rent. This example updates with the rent amount you enter; actual lease terms and required funds vary.
The security deposit is potentially refundable, subject to the lease and permitted deductions. It is money tied up upfront, not automatically money spent. First month’s rent is already included in the 36-month rent total.
| What you pay or retain | Renting | Owning |
|---|---|---|
| Monthly budget × 36 | $126,000 | $126,000 |
| Upfront funds: rental move-in / purchase closing | $7,000* | $35,000 |
| Total modeled cash outlay before deposit refund | $129,500 | $161,000 |
| Equity before selling costs, if value stays flat | $0 in this property | $36,842 |
| Modeled costs that do not build equity | $126,000 | $124,158 |
*Rental move-in funds assume first month’s rent plus a security deposit equal to one month’s rent. Total rental cash outlay includes 36 months of rent plus that deposit, counting the first month only once. The potentially refundable deposit is excluded from costs that do not build equity; a full refund would reduce the rental cash outlay by that amount. Renters insurance, application fees, moving costs and other charges are excluded. Owning excludes repairs and maintenance and includes closing costs, mortgage interest, taxes, insurance, HOA and PMI. Equity includes your down payment plus principal repaid; the down payment is your existing cash, not an investment gain. Assumes unchanged home value and constant expenses, with no tax benefits, investment returns, utilities, selling costs or rent increases. Home values can fall, costs can rise, and selling after three years can reduce or eliminate equity. This is a budget illustration, not a break-even or net-worth forecast.
A price estimate is a starting point. Whether it buys a condo, townhome or detached home depends on the city, neighborhood, condition, HOA and available listings. Tyir can help you compare actual Inland Empire homes, and a lender can confirm your financing options.
Explore the buying process →Learn more: CFPB homebuying readiness guide and mortgage insurance explained.
Turn the numbers into a plan
Whether you’re ready now or preparing for later, let’s talk through your rent, savings and preferred neighborhoods to map out a practical next step.
Plan my next move →