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Rent vs. Own

Compare the true cost of renting and buying.

Over 7 years

Owning wins

Owning is about $90,311 cheaper.

Net cost to own$130,368
Net cost to rent$220,679
Home equity built$227,945
Total rent paid$220,679

Net cost to own = cash spent (down + payments + carrying costs) minus the equity you walk away with. Estimates only.

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