Rent vs Buy Calculator

Compare the true costs of renting versus buying in Austin

How long do you plan to stay?

Home Price

Down Payment: 20%

Interest Rate: 7%

Expected Appreciation: 4%/year

Monthly Rent

Annual Rent Increase: 3%

Investment Return (if you invest the down payment): 7%

After 7 Years

Renting is Better

You save $140,943 by renting

Buying$4,936

Renting$2,500

If You Buy

Home Value$723,762

Equity Built$345,236

If You Rent

Total Rent Paid$229,874

Investment Value$176,636

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