Results Summary
After 3 years, buying will be cheaper than renting.
| Buying | Renting | |
|---|---|---|
| Cash Spent: | $103,279.59 | $74,404.44 |
| Home Value: | $546,363.50 | -- |
| Balance on Loan: | $429,046.18 | -- |
| Closing Costs: | $32,781.81 | -- |
| Net Spent: | $68,744.07 | $74,404.44 |
Year3 | Buy$68,744.07 | Rent$74,404.44 |
Buy Gain $68,744.07 | ||
Your Total Equity $117,317.32 |