Compare true monthly costs
Compare your rent to a full ownership payment: principal, interest, property taxes, insurance, HOA dues and maintenance. Property taxes here are significant, so use actual tax bills for homes you're considering.
Upfront costs
Buying requires a down payment, closing costs and moving expenses. Renting usually requires a security deposit and first month's rent.
Have a question about your move?
Get straightforward answers from a local agent who knows Naperville, Aurora, Plainfield and nearby towns block by block.
How long will you stay?
Transaction costs mean buying generally makes more sense the longer you stay. If you may relocate within a couple of years, renting might be more flexible.
Ready to explore buying?
Read the first-time home buyer guide and learn about mortgage pre-approval.