Calculator
Rent or buy, on your assumptions
There is no verdict button here. The assumptions drive the answer, so they are all editable and all visible.
Renting
Buying
Percent of purchase price per year. One percent is a common starting assumption, not a rule.
Your assumptions
These two are guesses about the future. They move the result more than anything else on this page, so try a pessimistic set as well as an optimistic one.
Over 7 years, under these assumptions
Buying costs less
by roughly $17,103 in total cash, before any tax treatment
- Total rent paid
- $224,021
- Total ownership outflow
- $346,894
- Estimated home value
- $518,009
- Estimated loan balance
- $341,773
- Net proceeds if you sell
- $139,975
This is a cash comparison, not a recommendation. It deliberately omits tax treatment, which is individual and belongs with a tax professional. Change appreciation by a point in either direction and see how far the answer moves.
Calculation version mortgage-math@1.0.0
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