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Compare the total cost of renting versus buying a home over time. Review the result before reusing it in another workflow.
Recommendation
Buying is better
Save $162,616 over 10 years
Monthly (Buy)
$2,411
Mortgage: $1,770
Monthly (Rent)
$1,800
Year 1 rate
Total Buy Cost (10yr)
$359,375
Total Rent Cost (10yr)
$247,620
Home Equity Built
$274,371
Net Buy Cost
$85,004
Break-Even
~1 years