Net worth over your holding period
Rent vs Buy
Holding period, maintenance, appreciation, rent growth, selling costs and the opportunity cost of your down payment.
$
%
%
$
years
%
%
%
Opportunity cost
%
% of value
%
$
$
%
%
After 7 years
Renting wins
by $57,560 in net worth
Break-even
Not within horizon
When buying overtakes renting
Cash needed to buy
$55,250
Down payment + closing costs
Net worth: buying vs renting
Assumes a 30-year fixed conventional loan with PMI below 20% down. Whichever option costs less each month invests the difference at the investment return. Tax effects are not modeled.