Calculator
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Results
Total Rent Cost$247,620
Over 10 years with 3% annual increase
Total Ownership Cost$377,375
Down payment + mortgage + tax + insurance + maintenance
Home Equity Built$232,998
Home value: $470,371 | Balance: $237,373
Net Cost of Owning$144,377
Total costs minus equity built
VerdictOwning saves $103,243
Over 10 years
Monthly Ownership Cost$2,561/mo
Mortgage: $1,770 + Tax/Ins/Maint: $792