Financial Tools
Rent against buy, the return on a rental property, and a refinance, worked through with your own numbers.
$
%
%
years
$
$
$
%
%
%
%
$
%
years
Rate prefilled based on national average, 30-yr fixed. Edit it to use your own lender's quote.
Renting comes out ahead by
$88,301Renting stays cheaper through year 7 at these assumptions.
Net cost of buyingRent paid
- Monthly cost of owning$6,557
- Net cost of buying over 7 years$382,539
- Rent paid over 7 years$294,239
- What the home returns when sold in year 7$370,731
These figures are estimates for orientation, not a quote, an offer of credit, or investment or tax advice. LEYEFEMI is not a lender, financial advisor, or accountant; confirm rates, costs, and tax treatment with the relevant professional before relying on any number here.