Rent vs. Buy
Deciding between signing a lease or a mortgage? Calculate the long-term net cost.
Scenario Inputs
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Final Verdict
Optimal Choice
Buying is Cheaper
Total Net Cost: Buying $130,799
Includes down payment, interest, taxes, maintenance, minus estimated equity gain.
Total Net Cost: Renting $229,874
Total sum of rent payments adjusted for annual rent increases.
Note: Estimates assume a 20% down payment, 3% annual appreciation, and 1.5% annual upkeep/tax/insurance cost for buying.