Based on the assumptions you have input, you would save approximately $73,381 (in today's dollars) by buying a home, rather than renting, over the 25 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>$547,718</td><td></td></tr><tr><td>Mortgage payments</td><td></td><td></td><td>$612,819</td></tr><tr><td>Closing costs</td><td>+</td><td></td><td>$4,200</td></tr><tr><td>Property insurance</td><td>+</td><td></td><td>$10,247</td></tr><tr><td>Property taxes</td><td>+</td><td></td><td>$0</td></tr><tr><td>Maintenance</td><td>+</td><td></td><td>$150,000</td></tr><tr><td>Opportunity cost (tied-up equity)</td><td>+</td><td></td><td>$443,077</td></tr><tr><td>Tax savings (interest/taxes)</td><td>-</td><td></td><td>$51,109</td></tr><tr><td>Appreciation</td><td>-</td><td></td><td>$330,476</td></tr><tr><td>Principal reduction</td><td>-</td><td></td><td>$387,000</td></tr><tr><td>Realtor fees on future sale</td><td>+</td><td></td><td>$14,350</td></tr><tr><td>Total cost</td><td>=</td><td>$547,718</td><td>$466,107</td></tr><tr><td>Present value at inflation</td><td></td><td>$419,118</td><td>$345,737</td></tr><tr><td>Difference</td><td></td><td></td><td>$73,381</td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='Total Present Value Cost Comparison' xAxisName='' numberPrefix='$' 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='419118.0' /></dataset><dataset seriesName='Own' color='36CAF3'><set value='345737.0' /></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>$17,100</td><td>$24,513</td><td>$6,300</td><td>$1,031</td><td>$3,406</td><td>$9,675</td><td>$13,255</td><td>$5,508</td></tr><tr><td role="rowheader" scope="row">2</td><td>17,442</td><td>24,513</td><td>6,308</td><td>2,095</td><td>3,324</td><td>9,917</td><td>9,563</td><td>10,111</td></tr><tr><td role="rowheader" scope="row">3</td><td>17,791</td><td>24,513</td><td>6,315</td><td>3,194</td><td>3,239</td><td>10,165</td><td>9,945</td><td>10,673</td></tr><tr><td role="rowheader" scope="row">4</td><td>18,147</td><td>24,513</td><td>6,323</td><td>4,329</td><td>3,150</td><td>10,419</td><td>10,343</td><td>11,252</td></tr><tr><td role="rowheader" scope="row">5</td><td>18,510</td><td>24,513</td><td>6,331</td><td>5,502</td><td>3,058</td><td>10,679</td><td>10,757</td><td>11,851</td></tr><tr><td role="rowheader" scope="row">6</td><td>18,880</td><td>24,513</td><td>6,339</td><td>6,713</td><td>2,963</td><td>10,946</td><td>11,187</td><td>12,468</td></tr><tr><td role="rowheader" scope="row">7</td><td>19,257</td><td>24,513</td><td>6,348</td><td>7,963</td><td>2,863</td><td>11,220</td><td>11,635</td><td>13,106</td></tr><tr><td role="rowheader" scope="row">8</td><td>19,643</td><td>24,513</td><td>6,357</td><td>9,256</td><td>2,760</td><td>11,501</td><td>12,100</td><td>13,765</td></tr><tr><td role="rowheader" scope="row">9</td><td>20,035</td><td>24,513</td><td>6,366</td><td>10,591</td><td>2,652</td><td>11,788</td><td>12,584</td><td>14,445</td></tr><tr><td role="rowheader" scope="row">10</td><td>20,436</td><td>24,513</td><td>6,375</td><td>11,970</td><td>2,540</td><td>12,083</td><td>13,088</td><td>15,147</td></tr><tr><td role="rowheader" scope="row">11</td><td>20,845</td><td>24,513</td><td>6,384</td><td>13,395</td><td>2,424</td><td>12,385</td><td>13,611</td><td>15,872</td></tr><tr><td role="rowheader" scope="row">12</td><td>21,262</td><td>24,513</td><td>6,394</td><td>14,868</td><td>2,303</td><td>12,694</td><td>14,155</td><td>16,621</td></tr><tr><td role="rowheader" scope="row">13</td><td>21,687</td><td>24,513</td><td>6,403</td><td>16,389</td><td>2,177</td><td>13,012</td><td>14,722</td><td>17,395</td></tr><tr><td role="rowheader" scope="row">14</td><td>22,121</td><td>24,513</td><td>6,414</td><td>17,962</td><td>2,046</td><td>13,337</td><td>15,311</td><td>18,194</td></tr><tr><td role="rowheader" scope="row">15</td><td>22,563</td><td>24,513</td><td>6,424</td><td>19,587</td><td>1,910</td><td>13,671</td><td>15,923</td><td>19,020</td></tr><tr><td role="rowheader" scope="row">16</td><td>23,014</td><td>24,513</td><td>6,434</td><td>21,266</td><td>1,768</td><td>14,012</td><td>16,560</td><td>19,873</td></tr><tr><td role="rowheader" scope="row">17</td><td>23,475</td><td>24,513</td><td>6,445</td><td>23,002</td><td>1,621</td><td>14,363</td><td>17,222</td><td>20,754</td></tr><tr><td role="rowheader" scope="row">18</td><td>23,944</td><td>24,513</td><td>6,456</td><td>24,796</td><td>1,468</td><td>14,722</td><td>17,911</td><td>21,665</td></tr><tr><td role="rowheader" scope="row">19</td><td>24,423</td><td>24,513</td><td>6,468</td><td>26,651</td><td>1,308</td><td>15,090</td><td>18,628</td><td>22,606</td></tr><tr><td role="rowheader" scope="row">20</td><td>24,911</td><td>24,513</td><td>6,480</td><td>28,568</td><td>1,143</td><td>15,467</td><td>19,373</td><td>23,578</td></tr><tr><td role="rowheader" scope="row">21</td><td>25,410</td><td>24,513</td><td>6,492</td><td>30,550</td><td>970</td><td>15,854</td><td>20,148</td><td>24,583</td></tr><tr><td role="rowheader" scope="row">22</td><td>25,918</td><td>24,513</td><td>6,504</td><td>32,599</td><td>791</td><td>16,250</td><td>20,954</td><td>25,621</td></tr><tr><td role="rowheader" scope="row">23</td><td>26,436</td><td>24,513</td><td>6,516</td><td>34,718</td><td>605</td><td>16,656</td><td>21,792</td><td>26,694</td></tr><tr><td role="rowheader" scope="row">24</td><td>26,965</td><td>24,513</td><td>6,529</td><td>36,909</td><td>411</td><td>17,073</td><td>22,663</td><td>27,804</td></tr><tr><td role="rowheader" scope="row">25</td><td>27,504</td><td>24,513</td><td>6,543</td><td>39,174</td><td>210</td><td>17,499</td><td>23,570</td><td>28,951</td></tr></table>