How do I compare renting versus owning?

Hold a time window constant, then add down payment, monthly housing, maintenance, and assumed appreciation against rent paid. This calculator uses a five-year cash comparison. Enter your own numbers. Egan Financial Group LLC NMLS 2647764.

Egan Financial Group LLC · NMLS 2647764

Rent vs own calculator

Compare five years of renting with five years of owning. Down payment, housing cost, 1% maintenance, and assumed appreciation against rent. Enter your own numbers.

Payment How much house Cash to close Compare 3 loans Debt consolidation Refinance break-even Rent vs own

Home price$Down payment%Rate%HorizonyearsTax rate%Insurance$ / yrHOA$ / moRent$ / moAssumed appreciation%

Owner housing payment

$3,696

Owner net cost over 5 yrs

$143,451

Renter cash out over 5 yrs

$144,000

Modeled equity after horizon

$150,285

On these assumptions, owning has the lower net cost.

Includes 1% annual maintenance and ignores selling costs, tax deductions, and rent inflation. Change the assumptions. This is not advice.