How long will you stay?
years
Monthly rentcomparable home
/ mo
Home price
Down payment$80,000
%
Interest rateAPR, fixed
%

Renting comes out ahead after 7 years by

$6,179

Buying doesn't pull ahead within this time frame

Net worth if you buy
$189,045
Net worth if you rent and invest
$195,224
Owner's first-month cost
$2,872.62
Total spent buying (7 yrs)
$340,889
Total spent renting (7 yrs)
$203,549

Net worth by year

YearBuyRentDifference
1$72,737$105,762-$33,025
2$90,174$119,843-$29,669
3$108,343$134,249-$25,906
4$127,278$148,985-$21,707
5$147,015$164,055-$17,040
6$167,591$179,467-$11,876
7$189,045$195,224-$6,179
Renting wins by$6,179

Estimates for education, not financial advice.Rent vs buy calculator by Numlight ↗