Rent vs. Own

Compare the true cost of renting and buying.

Monthly rent

Rent increaseper year

Home price

Down payment

Interest rate

Loan term

yrs

Years you'll stay

yrs

Home appreciationper year

Over 7 years

Owning wins

Owning is about $90,311 cheaper.

Net cost to own$130,368

Net cost to rent$220,679

Home equity built$227,945

Total rent paid$220,679

Net cost to own = cash spent (down + payments + carrying costs) minus the equity you walk away with. Estimates only.

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