Buyer Tool
Rent vs. Buy Calculator
See how renting and owning compare over time — including the equity you'd build.
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Projections, not guarantees. Appreciation and rent growth are your assumptions. Tax deductions and investment returns on the down payment are not included.
3 yrs
Rent +$33,080
5 yrs
Buy +$5,266
7 yrs
Buy +$54,458
10 yrs
Buy +$150,523
Total rent paidNet cost of owning
| Years | Total rent | Owning outlay | Home value | Loan balance | Net equity | Net cost to own |
|---|---|---|---|---|---|---|
| 3 | $166,909 | $430,232 | $983,454 | $694,204 | $230,243 | $199,989 |
| 5 | $286,693 | $588,174 | $1,043,347 | $673,999 | $306,747 | $281,427 |
| 7 | $413,773 | $748,791 | $1,106,886 | $650,997 | $389,476 | $359,315 |
| 10 | $619,049 | $995,092 | $1,209,525 | $610,388 | $526,565 | $468,526 |
Net cost to own = down payment + closing costs + all payments, taxes, insurance, maintenance and HOA − equity after selling costs.
Educational estimate only. Results are not a Loan Estimate, rate lock, rate commitment, or guarantee of loan approval. Actual rates, payments, taxes, insurance, and program eligibility vary and are subject to underwriting. Contact Marc Chamberlain for a personalized quote.
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Marc will review your scenario and walk through options personally — no pressure.