🏘️ Rent vs. Buy Calculator

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years
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Ownership costs & assumptions
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% of home value
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What the down payment could earn if invested instead
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Agent fees, transfer tax, etc.

Buying is cheaper over 7 years

$16,134

Buying breaks even after 6 years

Net cost of buying (7 years)$186,155
Net cost of renting (7 years)$202,289
Break-even yearYear 6
Down payment + closing costs
$92,000
Mortgage payment (P&I)
$2,022.62
Home equity after selling in year 7
$189,045

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