Fond du Lac, WI

Rent vs buy in Fond du Lac

Median home $209,800. A 1 bedrooms rents for $915 a month. Ownership is modelled at 20% down, 6.5% APR, property tax and upkeep.

Rent · 1 bedrooms: $915; per month
Own the median home: $1,529; P&I, tax, insurance, upkeep
Owning costs extra: $614; per month, same metro

What a purchase actually costs

20% down payment$41,960
Mortgage at 6.5%$1,061
Property tax (1.58% of value)$276/mo · $3,315/yr
Insurance and upkeep (1.1%/yr)$192
Total monthly ownership$1,529

Months of leftover to save the down payment

At $2,804 left over a month, it takes about 15 months (1.3 years) to save $41,960 if every leftover dollar goes to the down payment — which it won't.

Rent is asking rent for a new lease. Home value is the Census ACS median. The mortgage is a 30-year fixed at 6.5% with 20% down — a yardstick, not a quote. Not housing or lending advice.