Based on the assumptions you have input, you would save approximately $97,265 (in today's dollars) by renting, rather than buying a home, over the 10 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>$98,547</td><td></td></tr><tr><td>Mortgage payments</td><td></td><td></td><td>$964,195</td></tr><tr><td>Closing costs</td><td>+</td><td></td><td>$6,000</td></tr><tr><td>Property insurance</td><td>+</td><td></td><td>$33,331</td></tr><tr><td>Property taxes</td><td>+</td><td></td><td>$61,003</td></tr><tr><td>Maintenance</td><td>+</td><td></td><td>$80,000</td></tr><tr><td>Opportunity cost (tied-up equity)</td><td>+</td><td></td><td>$414,809</td></tr><tr><td>Tax savings (interest/taxes)</td><td>-</td><td></td><td>$82,308</td></tr><tr><td>Appreciation</td><td>-</td><td></td><td>$516,951</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>$0</td></tr><tr><td>Total cost</td><td>=</td><td>$98,547</td><td>$223,079</td></tr><tr><td>Present value at inflation</td><td></td><td>$81,499</td><td>$178,764</td></tr><tr><td>Difference</td><td></td><td></td><td>$-97,265</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='81499.0' /></dataset><dataset seriesName='Own' color='36CAF3'><set value='178764.0' /></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>$9,000</td><td>$96,419</td><td>$15,500</td><td>$10,523</td><td>$12,914</td><td>$41,100</td><td>$69,614</td><td>$-1,186</td></tr><tr><td role="rowheader" scope="row">2</td><td>9,180</td><td>96,419</td><td>15,875</td><td>16,455</td><td>12,021</td><td>43,155</td><td>59,046</td><td>14,528</td></tr><tr><td role="rowheader" scope="row">3</td><td>9,364</td><td>96,419</td><td>16,269</td><td>22,710</td><td>11,077</td><td>45,313</td><td>62,352</td><td>16,655</td></tr><tr><td role="rowheader" scope="row">4</td><td>9,551</td><td>96,419</td><td>16,682</td><td>29,304</td><td>10,081</td><td>47,578</td><td>65,844</td><td>18,902</td></tr><tr><td role="rowheader" scope="row">5</td><td>9,742</td><td>96,419</td><td>17,116</td><td>36,257</td><td>9,029</td><td>49,957</td><td>69,531</td><td>21,275</td></tr><tr><td role="rowheader" scope="row">6</td><td>9,937</td><td>96,419</td><td>17,572</td><td>43,588</td><td>7,918</td><td>52,455</td><td>73,425</td><td>23,781</td></tr><tr><td role="rowheader" scope="row">7</td><td>10,135</td><td>96,419</td><td>18,051</td><td>51,318</td><td>6,745</td><td>55,078</td><td>77,537</td><td>26,428</td></tr><tr><td role="rowheader" scope="row">8</td><td>10,338</td><td>96,419</td><td>18,553</td><td>59,468</td><td>5,506</td><td>57,832</td><td>81,879</td><td>29,224</td></tr><tr><td role="rowheader" scope="row">9</td><td>10,545</td><td>96,419</td><td>19,081</td><td>68,062</td><td>4,198</td><td>60,723</td><td>86,464</td><td>32,177</td></tr><tr><td role="rowheader" scope="row">10</td><td>10,756</td><td>96,419</td><td>19,635</td><td>77,124</td><td>2,817</td><td>63,760</td><td>91,306</td><td>35,295</td></tr></table>