All Calculators

    Should You Buy or Keep Renting?

    Rent vs. Buy

    Compare the true cost of owning versus renting over your expected time horizon, including equity build-up.

    Assumptions
    $450,000
    10%
    6.50%
    $2,400
    7 yrs
    4.00%

    Buying Wins By

    $398,674over 7 years

    Total Buy Cost$339,830
    Total Rent Cost$220,679
    Equity at Sale$517,825
    Break-even YearNever
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