Rent vs. Buy
Deciding between signing a lease or a mortgage? Calculate the long-term net cost.
Scenario Inputs
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Advanced Assumptions
Final Verdict
Optimal Choice
Buying is Cheaper
Breakeven at 4 Years 8 Months
Total Net Cost: Buying $165,551
Includes down payment, interest, taxes, maintenance, minus estimated equity gain.
Total Net Cost: Renting $192,421
Total sum of rent payments minus investment returns on down payment.
Note: Estimates assume a 20% down payment, 3% annual appreciation, and 1% annual upkeep.
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