Based on the assumptions you have input, you would save approximately $148,010 (in today's dollars) by renting, rather than buying a home, over the 30 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>$0</td><td></td></tr><tr><td>Mortgage payments</td><td></td><td></td><td>$0</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>$0</td></tr><tr><td>Property taxes</td><td>+</td><td></td><td>$0</td></tr><tr><td>Maintenance</td><td>+</td><td></td><td>$0</td></tr><tr><td>Opportunity cost (tied-up equity)</td><td>+</td><td></td><td>$1,153,564</td></tr><tr><td>Tax savings (interest/taxes)</td><td>-</td><td></td><td>$0</td></tr><tr><td>Appreciation</td><td>-</td><td></td><td>$880,315</td></tr><tr><td>Principal reduction</td><td>-</td><td></td><td>$0</td></tr><tr><td>Realtor fees on future sale</td><td>+</td><td></td><td>$0</td></tr><tr><td>Total cost</td><td>=</td><td>$0</td><td>$273,250</td></tr><tr><td>Present value at inflation</td><td></td><td>$0</td><td>$148,010</td></tr><tr><td>Difference</td><td></td><td></td><td>$-148,010</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='1' borderColor='FFFFFF' borderThickness='1' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor='' numberSuffix='' thousandSeparator=',' decimalSeparator='.'><categories><category label='' /></categories><dataset seriesName='Rent'><set value='0.0' /></dataset><dataset seriesName='Own'><set value='148010.0' /></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>$0</td><td>$0</td><td>$0</td><td>$17,363</td><td>$0</td><td>$13,250</td><td>$0</td><td>$4,113</td></tr><tr><td role="rowheader" scope="row">2</td><td>0</td><td>0</td><td>0</td><td>18,231</td><td>0</td><td>13,912</td><td>0</td><td>4,318</td></tr><tr><td role="rowheader" scope="row">3</td><td>0</td><td>0</td><td>0</td><td>19,142</td><td>0</td><td>14,608</td><td>0</td><td>4,534</td></tr><tr><td role="rowheader" scope="row">4</td><td>0</td><td>0</td><td>0</td><td>20,100</td><td>0</td><td>15,339</td><td>0</td><td>4,761</td></tr><tr><td role="rowheader" scope="row">5</td><td>0</td><td>0</td><td>0</td><td>21,105</td><td>0</td><td>16,105</td><td>0</td><td>4,999</td></tr><tr><td role="rowheader" scope="row">6</td><td>0</td><td>0</td><td>0</td><td>22,160</td><td>0</td><td>16,911</td><td>0</td><td>5,249</td></tr><tr><td role="rowheader" scope="row">7</td><td>0</td><td>0</td><td>0</td><td>23,268</td><td>0</td><td>17,756</td><td>0</td><td>5,512</td></tr><tr><td role="rowheader" scope="row">8</td><td>0</td><td>0</td><td>0</td><td>24,431</td><td>0</td><td>18,644</td><td>0</td><td>5,787</td></tr><tr><td role="rowheader" scope="row">9</td><td>0</td><td>0</td><td>0</td><td>25,653</td><td>0</td><td>19,576</td><td>0</td><td>6,076</td></tr><tr><td role="rowheader" scope="row">10</td><td>0</td><td>0</td><td>0</td><td>26,935</td><td>0</td><td>20,555</td><td>0</td><td>6,380</td></tr><tr><td role="rowheader" scope="row">11</td><td>0</td><td>0</td><td>0</td><td>28,282</td><td>0</td><td>21,583</td><td>0</td><td>6,699</td></tr><tr><td role="rowheader" scope="row">12</td><td>0</td><td>0</td><td>0</td><td>29,696</td><td>0</td><td>22,662</td><td>0</td><td>7,034</td></tr><tr><td role="rowheader" scope="row">13</td><td>0</td><td>0</td><td>0</td><td>31,181</td><td>0</td><td>23,795</td><td>0</td><td>7,386</td></tr><tr><td role="rowheader" scope="row">14</td><td>0</td><td>0</td><td>0</td><td>32,740</td><td>0</td><td>24,985</td><td>0</td><td>7,755</td></tr><tr><td role="rowheader" scope="row">15</td><td>0</td><td>0</td><td>0</td><td>34,377</td><td>0</td><td>26,234</td><td>0</td><td>8,143</td></tr><tr><td role="rowheader" scope="row">16</td><td>0</td><td>0</td><td>0</td><td>36,096</td><td>0</td><td>27,546</td><td>0</td><td>8,550</td></tr><tr><td role="rowheader" scope="row">17</td><td>0</td><td>0</td><td>0</td><td>37,901</td><td>0</td><td>28,923</td><td>0</td><td>8,978</td></tr><tr><td role="rowheader" scope="row">18</td><td>0</td><td>0</td><td>0</td><td>39,796</td><td>0</td><td>30,369</td><td>0</td><td>9,427</td></tr><tr><td role="rowheader" scope="row">19</td><td>0</td><td>0</td><td>0</td><td>41,786</td><td>0</td><td>31,888</td><td>0</td><td>9,898</td></tr><tr><td role="rowheader" scope="row">20</td><td>0</td><td>0</td><td>0</td><td>43,875</td><td>0</td><td>33,482</td><td>0</td><td>10,393</td></tr><tr><td role="rowheader" scope="row">21</td><td>0</td><td>0</td><td>0</td><td>46,069</td><td>0</td><td>35,156</td><td>0</td><td>10,912</td></tr><tr><td role="rowheader" scope="row">22</td><td>0</td><td>0</td><td>0</td><td>48,372</td><td>0</td><td>36,914</td><td>0</td><td>11,458</td></tr><tr><td role="rowheader" scope="row">23</td><td>0</td><td>0</td><td>0</td><td>50,791</td><td>0</td><td>38,760</td><td>0</td><td>12,031</td></tr><tr><td role="rowheader" scope="row">24</td><td>0</td><td>0</td><td>0</td><td>53,330</td><td>0</td><td>40,698</td><td>0</td><td>12,633</td></tr><tr><td role="rowheader" scope="row">25</td><td>0</td><td>0</td><td>0</td><td>55,997</td><td>0</td><td>42,733</td><td>0</td><td>13,264</td></tr><tr><td role="rowheader" scope="row">26</td><td>0</td><td>0</td><td>0</td><td>58,797</td><td>0</td><td>44,869</td><td>0</td><td>13,927</td></tr><tr><td role="rowheader" scope="row">27</td><td>0</td><td>0</td><td>0</td><td>61,736</td><td>0</td><td>47,113</td><td>0</td><td>14,624</td></tr><tr><td role="rowheader" scope="row">28</td><td>0</td><td>0</td><td>0</td><td>64,823</td><td>0</td><td>49,468</td><td>0</td><td>15,355</td></tr><tr><td role="rowheader" scope="row">29</td><td>0</td><td>0</td><td>0</td><td>68,064</td><td>0</td><td>51,942</td><td>0</td><td>16,123</td></tr><tr><td role="rowheader" scope="row">30</td><td>0</td><td>0</td><td>0</td><td>71,468</td><td>0</td><td>54,539</td><td>0</td><td>16,929</td></tr></table>