Verdict

Renting wins

Over 10 years, renting saves you $111,052 in net cost.

Buy net cost

$137,649

Total housing costs minus home equity built.

Rent net cost

$26,597

Total rent paid minus investment returns on savings.

Net cost over time

Down payment: $70,000

Monthly mortgage: $1,770

Start: Today

Latest: Year 10

Final value: $137,649

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