David Thomas
Loan Officer — NMLS #399104 · EMortgage Capital, Inc. NMLS# 1416824
Rent vs Buy Calculator
Compare the total cost of renting against owning over your time horizon, net of equity and appreciation.
Renting
Buying
Assumptions
Buying wins over 7 years by
$57,876
- Total rent paid (7 yrs)
- $312,628
- Down payment
- $150,000
- Buyer closing costs
- $15,000
- Ownership carrying costs
- $444,212
- Projected home value
- $954,209
- Remaining loan balance
- $542,497
- Equity after selling costs
- $354,459
- Net cost of owning
- $254,753
Assumes 6% selling costs and 2% buyer closing costs. Excludes tax deductions and investment returns on the down payment.
Want the real numbers?
These estimates are a starting point. Send your scenario over and David will return a custom breakdown with live pricing, program options, and a written pre-approval path.