Rent vs. buy calculator
Your rent against a home, over the years you'll stay. See the year buying pulls ahead.
Renting comes out ahead by
$6,900Over 7 years · buying pulls ahead in year 8
- Rent paid over 7 years$220,679
- Net cost of owning over 7 years$227,578
- Equity you'd have in year 7$187,257
Year by year
| Year | Renting | Owning | Equity | Ahead |
|---|---|---|---|---|
| 1 | $28,800 | $72,812 | $63,027 | Rent +$44,012 |
| 2 | $58,464 | $100,090 | $81,762 | Rent +$41,626 |
| 3 | $89,018 | $126,810 | $101,237 | Rent +$37,792 |
| 4 | $120,488 | $152,947 | $121,488 | Rent +$32,459 |
| 5 | $152,903 | $178,473 | $142,549 | Rent +$25,570 |
| 6 | $186,290 | $203,360 | $164,459 | Rent +$17,070 |
| 7 | $220,679 | $227,578 | $187,257 | Rent +$6,900 |
| 8 | $256,099 | $251,095 | $210,987 | Buy +$5,004 |
| 9 | $292,582 | $273,878 | $235,692 | Buy +$18,705 |
| 10 | $330,160 | $295,890 | $261,419 | Buy +$34,270 |
Through year 10 here; the PDF runs to year 15.
Your name, photo and phone number go on it.
What your client gets
A PDF with your name on it.
Lauren Whitfield
Managing Broker · Whitfield Realty Group
Prepared for
Daniel & Priya Shah
Your name, photo and brokerage on every page. And a link to send clients.
Questions
What counts as the cost of owning?+
Payments, taxes, insurance, HOA, maintenance and the costs to buy and sell, minus the equity you'd have at the end.
What about appreciation?+
Set it yourself. 3% a year is the default; try 0% to see the floor.