Compare the true cost of renting versus buying a home over time
Renting is better
Over 7 years, you could save $218,901
Net Cost (Buying)
$160,899
Net Cost (Renting)
-$58,002
$80,000
Expected return if down payment was invested instead
Final Home Value
$491,950
Home Equity Built
$173,101
Total Rent Paid
$185,299
Renter Investment Value
$243,301