Rent vs Buy Calculator
Compare the true costs of renting vs buying in Utah.
Monthly Buy Cost
$2,727
Monthly Rent
$2,200
Buy Wins At
Year 1
| Year | Total Rent Paid | Home Value | Equity | Net Advantage (Buy) |
|---|---|---|---|---|
| 1 | $26,400 | $470,250 | $113,999 | +$116,580 |
| 2 | $53,592 | $491,411 | $139,176 | +$143,279 |
| 3 | $81,600 | $513,525 | $165,590 | +$170,115 |
| 4 | $110,448 | $536,633 | $193,303 | +$197,105 |
| 5 | $140,161 | $560,782 | $222,383 | +$224,270 |
| 6 | $170,766 | $586,017 | $252,900 | +$251,630 |
| 7 | $202,289 | $612,388 | $284,926 | +$279,208 |