10-Year Rent vs Buy in Los Angeles, CA
If you plan to stay in Los Angeles for 10 years, here's how renting and buying compare.
🔑 Renting Appears Better
Potential savings by renting: $104,903
Total Rent Paid
$385,186
Total Owner Costs
$1,038,033
Equity After Selling
$547,943
Customize Your Analysis
The above results use default assumptions. Adjust the inputs below to match your specific situation.
Rent vs Buy in Los Angeles, California
Should you rent or buy a home? Calculate your best option.
Your Scenario
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10 years
1 years30 years
Explore Scenarios
Adjust these sliders to see how different assumptions affect your decision.
Mortgage Rate7.00%
5%7%9%
Home Appreciation3.0%
0%3%5%
Rent Growth3.0%
0%3%6%
Time Horizon10 years
35710
💡 Tips
- • Higher mortgage rates favor renting
- • Higher home appreciation favors buying
- • Higher rent growth favors buying
- • Longer time horizons typically favor buying
🔑Renting is Better
You could save $104,903 by renting
Over 10 years
Monthly Cost (Rent)
$3,210
Average
Monthly Cost (Own)
$6,829
Average (excl. equity)
Total Rent Paid
$385,186
Total Owner Costs
$1,038,033
Final Equity
$547,943
After selling costs
Break-Even Year
Never
Beyond horizon
Upfront Costs to Buy
Down Payment (20%)$190,000
Closing Costs (3%)$28,500
Total Needed$218,500
Cost Comparison Over Time
Total Rent Paid
Total Owner Costs
Net Cost (After Equity)
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