Rent vs own

Should you rent or buy?

Compare your net worth after renting and investing the difference against buying, for however long you expect to stay.

Rent vs. own

Assumes a 30-year fixed loan, 3% buying costs and 6% selling costs. Whichever side spends less each month invests the difference. Mortgage interest deductions are ignored.

Better choice after 7 years
Rent by $187,675
Net worth if you buy$451,890
Net worth if you rent$639,566
Year-1 monthly cost to own$6,792 vs $3,900 rent
Break-even yearNot within 7 yrs
Renting and investing the difference wins over this horizon. Try a longer stay or a lower rate to find the break-even point.

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