$
%
$
%
%
yrs
yrs
%
%
%
%
Buying saves
$29,395
Net cost of renting
$202,289
Net cost of buying
$172,894
Mortgage payment (P&I)
$2,076
Home equity at end
$201,430
Over 7 years, renting costs about $202,289 in total. Buying costs $172,894 once you count payments, taxes, upkeep and the investment return your down payment could have earned — and subtract the $201,430 of equity you keep. Buying comes out ahead by $29,395. The longer you stay, the more buying tends to win.

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