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MICHIGAN COUNCIL ON ECONOMIC EDUCATION

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Rent vs. Buy Housing Calculator

Compare the 5-year cumulative net cost of renting an apartment vs. purchasing a home to determine which financial path fits your immediate future!

Calculating 5-Year Net Comparison...
$0
$0
Total Rent Paid
Net Buying Cost
Total Cost of Renting
$120,000
(Rent over 60 months)
Net Cost of Buying
$112,400
(Payments + Upkeep - Appreciation)

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Contact Information:
Michigan Council on Economic Education
12642 Beresford Dr.
Sterling Heights, MI 48313

derek@michiganecon.org
Office: 248.939.4995


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