Roof

Renting wins
$93
more net wealth after 7 years
Buying
$2,460/mo
monthly housing cost
$189,045
equity after 7y
vs
Renting
$2,000/mo
starting monthly rent
$189,138
portfolio after 7y
Your Numbers
Home price
$
Down payment= $80,000
%
Mortgage rate
%
Monthly rent
$
7y
Monthly Breakdown
BuyingRenting
Mortgage (P&I)$2,023โ€”
Property tax$368โ€”
Insurance$117โ€”
Maintenance$334โ€”
Tax savings-$381โ€”
Rentโ€”$2,000
Total$2,460$2,000
After 7 Years
Home value$508,912โ€”
Remaining mortgage-$289,332โ€”
Selling costs (6%)-$30,535โ€”
Investment portfolioโ€”$189,138
Net wealth$189,045$189,138