7-Year Rent vs Buy in St. Louis, MO
If you plan to stay in St. Louis for 7 years, here's how renting and buying compare.
⚖️ It's Close Either Way
Potential savings by buying: $8,439
Total Rent Paid
$110,339
Total Owner Costs
$195,819
Equity After Selling
$93,918
Customize Your Analysis
The above results use default assumptions. Adjust the inputs below to match your specific situation.
Rent vs Buy in St. Louis, Missouri
Should you rent or buy a home? Calculate your best option.
Your Scenario
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7 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 Horizon7 years
35710
💡 Tips
- • Higher mortgage rates favor renting
- • Higher home appreciation favors buying
- • Higher rent growth favors buying
- • Longer time horizons typically favor buying
⚖️It's a Toss-Up
You could save $8,439 by buying
Over 7 years
Monthly Cost (Rent)
$1,314
Average
Monthly Cost (Own)
$1,729
Average (excl. equity)
Total Rent Paid
$110,339
Total Owner Costs
$195,819
Final Equity
$93,918
After selling costs
Break-Even Year
Year 6
Within horizon
Upfront Costs to Buy
Down Payment (20%)$44,000
Closing Costs (3%)$6,600
Total Needed$50,600
Cost Comparison Over Time
Total Rent Paid
Total Owner Costs
Net Cost (After Equity)
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