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Renting VS Buying

Does It Make Sense To Rent?

Chart of Monthly Rent Payments Adding Up Over Time

Monthly Rent 5 Years 10 Years After 30 Years
$1,000 $60,000 $120,000 $360,000
$1,200 $72,000 $144,000 $432,000
$1,400 $84,000 $168,000 $504,000

Rent is FOREVER!

Mortgages Do End!

Rent Historically Increases 5-10% Each Year!

Home Sales Price Monthly payment Total Payments Over 30 Years
$100,000 $536.80 $193,248
$150,000 $805.20 $289,884
$200,000 $1,073.60 $386,512

Facts Provided Using a 30 Year Fixed Mortgage at 5% (APR of 5.24%)

If Youre planning on living in the same place for the next Three years or more, You may want to seriously consider buying.

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