Rent vs. Own Calculator
Rent vs. Own
Compare the true long-term cost of renting against buying a home — including equity, appreciation, and your break-even point.
Renting
Buying
Over 7 years, based on your inputs
Buying comes out ahead
You save $127,537 compared to renting over 7 years
Break-even point: Year 1
Total Cost of Renting
Rent payments (7 yrs)$185,579
Opportunity cost of down payment$40,290
Equity built$0
True net cost$225,870
Total Cost of Buying
Down payment$80,000
Mortgage + costs (7 yrs)$253,033
Equity at year 7− $234,701
True net cost$98,332
Monthly Cost Breakdown (Buying)
Principal & Interest
$2,129
Property Tax
$400
Insurance
$150
Maintenance
$333
Total monthly cost of owning$3,012
Home Equity at Year 7
Future Home Value
$526,373
Remaining Loan Balance
$291,672
Your Equity
$234,701
This calculator provides estimates for informational purposes only. Results depend on actual market conditions, credit history, lender terms, and other factors. Contact Sanlor Financial for a personalized assessment.
Ready to Stop Renting?
Call Lori at 844 726 5671 or apply online — we'll find the right loan for you.