Based on the assumptions you have input, you would save approximately $84,909 (in today's dollars) by buying a home, rather than renting, over the 12 year timeframe you have entered.<table class='pure-table' role='grid'><tr><th class='section'>Rent vs. Buy Analysis</th><th></th><th scope="col">Rent</th><th scope="col">Buy</th></tr><tr><td>Rent and fees</td><td></td><td>$418,457</td><td></td></tr><tr><td>Mortgage payments</td><td></td><td></td><td>$1,035,650</td></tr><tr><td>Closing costs</td><td>+</td><td></td><td>$0</td></tr><tr><td>Property insurance</td><td>+</td><td></td><td>$43,477</td></tr><tr><td>Property taxes</td><td>+</td><td></td><td>$77,293</td></tr><tr><td>Maintenance</td><td>+</td><td></td><td>$96,000</td></tr><tr><td>Opportunity cost (tied-up equity)</td><td>+</td><td></td><td>$538,561</td></tr><tr><td>Tax savings (interest/taxes)</td><td>-</td><td></td><td>$105,136</td></tr><tr><td>Appreciation</td><td>-</td><td></td><td>$688,291</td></tr><tr><td>Principal reduction</td><td>-</td><td></td><td>$737,000</td></tr><tr><td>Realtor fees on future sale</td><td>+</td><td></td><td>$75,515</td></tr><tr><td>Total cost</td><td>=</td><td>$418,457</td><td>$336,068</td></tr><tr><td>Present value at inflation</td><td></td><td>$334,253</td><td>$249,345</td></tr><tr><td>Difference</td><td></td><td></td><td>$84,909</td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Total Present Value Cost Comparison' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='0' borderColor='FFFFFF' borderThickness='0' drawCustomLegend='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='' /></categories><dataset seriesName='Rent' color='004969'><set value='334253.0' /></dataset><dataset seriesName='Own' color='36CAF3'><set value='249345.0' /></dataset></chart>"); // --> </script> <table class='pure-table pure-table-bordered' role='grid'><tr><th scope="col">Year</th><th scope="col">Rent & Fees</th><th scope="col">Mortgage Payment</th><th scope="col">Insurance, Taxes & Maintenance</th><th scope="col">Opportunity Cost</th><th scope="col">Tax Savings</th><th scope="col">Appreciation</th><th scope="col">Principal Reduction</th><th scope="col">Cost of Buying</th></tr><tr><td role="rowheader" scope="row">1</td><td>$31,200</td><td>$86,304</td><td>$15,500</td><td>$9,850</td><td>$13,726</td><td>$42,744</td><td>$56,330</td><td>$-1,145</td></tr><tr><td role="rowheader" scope="row">2</td><td>31,824</td><td>86,304</td><td>15,890</td><td>15,085</td><td>12,992</td><td>44,967</td><td>45,464</td><td>13,857</td></tr><tr><td role="rowheader" scope="row">3</td><td>32,460</td><td>86,304</td><td>16,300</td><td>20,619</td><td>12,214</td><td>47,305</td><td>48,192</td><td>15,513</td></tr><tr><td role="rowheader" scope="row">4</td><td>33,110</td><td>86,304</td><td>16,732</td><td>26,467</td><td>11,389</td><td>49,765</td><td>51,083</td><td>17,266</td></tr><tr><td role="rowheader" scope="row">5</td><td>33,772</td><td>86,304</td><td>17,186</td><td>32,649</td><td>10,515</td><td>52,353</td><td>54,148</td><td>19,123</td></tr><tr><td role="rowheader" scope="row">6</td><td>34,447</td><td>86,304</td><td>17,664</td><td>39,182</td><td>9,588</td><td>55,075</td><td>57,397</td><td>21,090</td></tr><tr><td role="rowheader" scope="row">7</td><td>35,136</td><td>86,304</td><td>18,166</td><td>46,088</td><td>8,606</td><td>57,939</td><td>60,841</td><td>23,172</td></tr><tr><td role="rowheader" scope="row">8</td><td>35,839</td><td>86,304</td><td>18,695</td><td>53,387</td><td>7,565</td><td>60,952</td><td>64,492</td><td>25,378</td></tr><tr><td role="rowheader" scope="row">9</td><td>36,556</td><td>86,304</td><td>19,251</td><td>61,103</td><td>6,461</td><td>64,121</td><td>68,361</td><td>27,714</td></tr><tr><td role="rowheader" scope="row">10</td><td>37,287</td><td>86,304</td><td>19,836</td><td>69,258</td><td>5,292</td><td>67,455</td><td>72,463</td><td>30,189</td></tr><tr><td role="rowheader" scope="row">11</td><td>38,033</td><td>86,304</td><td>20,451</td><td>77,879</td><td>4,052</td><td>70,963</td><td>76,810</td><td>32,810</td></tr><tr><td role="rowheader" scope="row">12</td><td>38,793</td><td>86,304</td><td>21,099</td><td>86,993</td><td>2,737</td><td>74,653</td><td>81,419</td><td>35,586</td></tr></table>