Compare the true cost of renting vs. buying over time โ including equity built, appreciation, and tax savings. A must-have for every buyer consultation.
| Year | Total Rent Paid | Total Buy Cost | Home Value | Equity Built | Buy Advantage |
|---|
๐ Buy Advantage = Home equity minus total out-of-pocket buying costs, compared to total rent paid. A positive number means buying has put more money in your pocket than renting. Closing costs (~3โ4% of purchase price) are included in Year 1 buy costs. Maintenance estimated at 1% of home value annually. This is an estimate โ actual results vary based on market conditions, taxes, and individual circumstances.