Back to StopsStop #4 · Rent vs Buy
Rent vs. Buy Calculator 🔑
Renting offers flexibility, but buying builds long-term wealth through home appreciation and mortgage principal payoff. Compare what your money builds over 7 years.
🏢 Current Rent Details
$
Avg rent inflation is 3-5%/year
🏡 Home Buying Details
$
$
5.3% of price7 Years
Renting Now
$2,200/mo
Prospective Mortgage
$2,744/mo
Est. Equity Built
$189,346
Timeline
7 yrs
Your prospective mortgage payment of $2,744/mo includes principal, interest, estimated taxes & insurance. That's $544 more than renting today — but buying builds $189,346 in estimated equity over 7 years.
🏢 If You Rent For 7 Years
$208,515
Total money paid toward landlord rent (0% equity returned).
Your monthly rent starts at $2,200 and rises to $2,895/mo in year 7.
Equity Wealth Builder
🏡 If You Buy For 7 Years
+$189,346
Total accumulated equity (home value growth + mortgage principal paid down).
Projected Future Home Value:$510,323
Remaining Loan Balance:$320,978
Ready to stop paying someone else's mortgage?
Let's craft a personalized strategy that balances your monthly comfort with your long-term wealth goals.