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