Run Your Numbers
Enter your home price, rent, and assumptions to compare total costs over time.
Home Purchase
$
Des Moines metro median: $285K-$375K
%
First-time buyers typically put 3-10% down
%
Current mortgage rate estimate
years
Most buyers use 30-year fixed
% / year
Iowa average: 1.5-2% of home value
$/ yr
Annual homeowner's insurance
% / yr
Rule of thumb: 1-2% of home value
$/ mo
Monthly HOA if applicable
Renting
$/ mo
Current or expected rent payment
% / yr
Average rent increase each year
Your Timeline
years
Owning usually wins at 5+ years
% / yr
Des Moines averages 4-6% annually
This calculator provides estimates for educational purposes only. Results do not include PMI, closing costs, selling costs, tax benefits, or investment returns. Consult a lender and real estate professional for personalized advice.
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