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Rent vs Buy
Total rent cost
$227,471
Over 7 years
Net buy cost
$114,772
After $221,746 equity
Estimate
Buying
Buying may save about $112,699 under these assumptions
Estimates only. Not a loan offer, approval, pre-approval, or commitment to lend. Figures are based on information you provided and are not verified. Rates shown are illustrative and include the annual percentage rate (APR) where a rate appears; your actual rate, payment, and costs could be higher and depend on credit, property, occupancy, loan amount, lock period, and points. Get an official Loan Estimate before choosing a loan. Smith Lending Solutions is a DBA of Nexa Mortgage, LLC, NMLS #1660690. Mortgage broker. Licensed in VA, MD, DC. ⌂ Equal Housing Lender.NMLS Consumer Access