Stop paying your landlord's mortgage.
Compare renting in Orlando with owning a Florida home, and see the equity you could build over time.
Your numbers
Orlando average ≈ $1,850
Typical 3–5%
Sample Orlando-area home
30-year fixed FHA
Florida long-run ≈ 4%
$/yr
$/yr
$/mo
Time period
Assumes an FHA 30-year fixed loan at 96.5% of the price, with the 3.5% down covered by the grant, and mortgage insurance estimated at 0.55% a year.
In the news
Study: Florida renters could pay hundreds more a year
A study commissioned by the Florida Apartment Association and the Florida Housing Coalition projects that if Florida's Amendment 3 passes, local governments would raise rates on apartments and rental homes to make up for lower caps on other properties — about $508 more per year for an apartment unit and $1,103 for a single-family rental across ten Central Florida counties. The study's author concluded renters "will pay more in taxes (indirectly), receive fewer services, or both."
One more reason owning can win: as a homeowner with a homestead exemption, your tax increases are capped — a renter has no such protection.
Read the WESH 2 News report →Figures come from an industry-commissioned study about a proposed constitutional amendment. Actual outcomes depend on the vote and on local government decisions.
Renting
$266,536
sent to a landlord in 10 years — $0 back.
Owning
$212,268
estimated equity after 10 years.
Monthly today
Rent $1,850 vs. owning $2,799
Owning includes principal & interest, taxes, insurance, mortgage insurance and HOA.
Money paid out over time
What you keep: equity built
| Year | Rent paid (total) | Owner paid (total) | Home value | Loan balance | Equity |
|---|---|---|---|---|---|
| 1 | $22,200 | $33,587 | $338,000 | $310,408 | $27,592 |
| 2 | $45,288 | $67,157 | $351,520 | $306,961 | $44,559 |
| 3 | $69,300 | $100,708 | $365,581 | $303,266 | $62,315 |
| 4 | $94,272 | $134,238 | $380,204 | $299,306 | $80,898 |
| 5 | $120,242 | $167,747 | $395,412 | $295,062 | $100,350 |
| 6 | $147,252 | $201,232 | $411,229 | $290,513 | $120,715 |
| 7 | $175,342 | $234,692 | $427,678 | $285,638 | $142,040 |
| 8 | $204,556 | $268,126 | $444,785 | $280,413 | $164,372 |
| 9 | $234,938 | $301,530 | $462,576 | $274,813 | $187,763 |
| 10 | $266,536 | $334,904 | $481,079 | $268,812 | $212,268 |
Educational estimate only — not a guarantee, loan approval, or rate quote. Home values can go down as well as up. The figures don't include selling costs, maintenance, or repairs, and the average rent and home value rise are general estimates. Talk with a licensed loan officer about your situation.