Calculator
Rent vs Own
Should you keep renting or buy? Compare total cash outlay over your expected holding period, factoring in equity, appreciation, and opportunity cost.
Holding period
If you rent
If you buy
Recommendation after 7 years
OWN saves $130,641
Total rent paid
$220,679
Ownership net cost
$90,038
Ownership breakdown
Monthly P+I$2,365
Total spent over 7 years$280,555
Estimated home value at exit$572,526
Loan balance at exit($327,488)
Equity captured$245,038
Opportunity cost on down($54,520)