Buying
Home price$450,000
Down payment20%
Mortgage rate6.8%
Home appreciation / yr3.0%
Renting
Monthly rent$2,200
Rent increase / yr3.0%
Time horizon10 years
After 10 years, it's cheaper to
—
—
Buy
True total cost
—
after equity gain
Rent
True total cost
—
all payments, no equity
Cumulative true cost over time
Buy
Rent