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Rent-versus-buy calculator
Compare renting and buying over the same time horizon
Place both choices on the same timeline. Include rent increases, renters insurance, purchase costs, mortgage insurance, HOA dues, maintenance, equity, and selling costs.
Compare the cost of renting and buying over the same timeline.
Include rent increases, ownership costs, equity, maintenance, and transaction costs before comparing the estimated totals.
Lower estimated cost in this scenario
BuyingEstimated difference: $5,336
- Rent and renters insurance
- $141,361
- Estimated buying outlay
- $272,357
- Purchase closing costs
- $12,000
- HOA over the timeline
- $6,000
- Mortgage insurance over the timeline
- $0
- Estimated net buying cost
- $136,025
- Estimated equity after sale costs
- $136,332