Renting against owning, over a period you choose
Thirty years of cumulative cost on both sides, with every assumption on the surface.
The two paths
Both sides of the comparison, with every assumption on the surface.
Buying
Per month
Of the price, each year
Renting
Per month
Buying is ahead after 7 years by
$62,805
On these assumptions buying moves ahead in year 4.
Rent paid over the period$229,874
Net cost of owningEverything paid, less what a sale would return$167,069
Equity at that point$274,475
Monthly payment$2,528
Cash needed to start$100,000
- Rent paid
- Net cost of owning
What this page assumed
- The home appreciates 3.50% a year and rent rises 3.00% a year, every year, without interruption.
- Selling costs 6.00% of the value; upkeep is 1.00% of the purchase price annually.
- No tax deduction, no investment return on the money a renter did not put down, and no move, refinance or vacancy is modelled.
- Every figure on this page is illustrative. It is not a rate, an APR, a quote or a commitment to lend.
Share this result
Every number above is held in this page's web address, so a copied link opens with your figures already filled in.
Talk it through with someone
A demonstration form. It validates, then shows you the thank-you state — it does not send, store or transmit anything.
Numbers are a start, not an answer.
A calculator does not know your credit, your reserves, the property, or what the seller will agree to. On a real site this is where you would talk to somebody.