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See the long-term financial impact of renting versus buying based on your numbers.
| Year | Net Cost: Buying | Net Cost: Renting | Advantage |
|---|---|---|---|
| 1 | $35,504 | $20,815 | Rent saves $14,689 |
| 2 | $60,132 | $42,127 | Rent saves $18,005 |
| 3 | $84,372 | $63,942 | Rent saves $20,430 |
| 4 | $108,208 | $86,266 | Rent saves $21,943 |
| 5 | $131,625 | $109,103 | Rent saves $22,522 |
| 6 | $154,606 | $132,459 | Rent saves $22,148 |
| 7 | $177,135 | $156,336 | Rent saves $20,799 |
| 8 | $199,193 | $180,739 | Rent saves $18,455 |
| 9 | $220,762 | $205,669 | Rent saves $15,094 |
| 10 | $241,823 | $231,128 | Rent saves $10,695 |
This calculator provides educational estimates only. Net cost figures account for equity gained and opportunity cost of the down payment. Results vary based on actual market conditions, loan terms, and tax situations. Not financial advice.
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