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Should you rent or buy? Compare the true costs over time including hidden expenses.
Buying builds equity but renting offers flexibility. This calculator factors in often-missed costs: maintenance (1-2% annually), opportunity cost of your down payment, and local market conditions.
Year 1
$299,568
$343,916
$494,546
Net cost of buying = total payments minus home equity built
Learn more about how we calculate and our editorial standards.