Compare the financial outcomes of renting versus buying a home over any time horizon.
Cost of Renting
$183,899.09
Over 7.00 years
Cost of Buying
$83,371.88
After equity of $177,290.51
Net Difference
$100,527.21
Buying is cheaper
Monthly Payment (Buy)
$2,269.79
P&I + HOA + Maintenance
Monthly Rent (Year 1)
$2,000.00