Compare the total cost of renting versus buying a home over time, including equity and appreciation.
🏠 Buying looks better over 7 years
Net cost to buy
$164,399
Total rent paid
$168,000
Break-even point: ~7 years
Assumes 30-yr mortgage · 1.2% property tax · 1% maintenance · 0.5% insurance · 3% closing costs · 6% selling costs
Compare the long-term cost of renting versus buying a home.
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