Inputs

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Overview

Price-to-Rent Ratio Ratio of home price to annualized rent

37x

Cost Cost of Ownership vs Cost of Rent

Net Worth Home Equity vs Investment Portfolio

Buy or Rent Buying is better

+$4,223,650.98

Net Worth

Year

Buy (Home Equity)

Rent (Investment Portfolio)

2023$266,985.38$239,880.00
2024$414,782.85$306,245.68
2025$575,347.28$380,557.15
2026$749,899.50$463,824.64
2027$939,780.91$557,184.58
2028$1,146,465.43$661,914.90
2029$1,371,572.74$779,452.20
2030$1,616,882.82$911,410.96
2031$1,884,351.89$1,059,604.97
2032$2,176,130.06$1,226,071.36
2033$2,494,580.57$1,413,097.43
2034$2,842,301.16$1,623,250.63
2035$3,222,147.37$1,859,412.08
2036$3,637,258.35$2,124,814.03
2037$4,091,085.10$2,423,081.67
2038$4,587,421.64$2,758,279.87
2039$5,130,439.24$3,134,965.36
2040$5,724,724.06$3,558,245.00
2041$6,375,318.65$4,033,840.83
2042$7,087,767.44$4,568,162.68
2043$7,868,166.91$5,168,389.22
2044$8,723,220.73$5,842,558.41
2045$9,660,300.41$6,599,668.38
2046$10,687,511.96$7,449,790.05
2047$11,813,769.37$8,404,192.70
2048$12,995,146.31$9,419,640.98
2049$14,294,660.94$10,560,216.76
2050$15,724,127.03$11,841,075.50
2051$17,296,539.74$13,279,171.06
2052$19,026,193.71$14,893,465.33
2053$20,928,813.08$16,705,162.10

Buy Breakdown

Year

Mortgage Payment

Property Tax

Maintenance

Homeowner's Insurance

Home Equity

Home Value

2023$53,057.52$3,503.03$11,994.00$2,878.56$266,985.38$1,199,400.00
2024$53,057.52$3,853.33$13,193.40$3,166.42$414,782.85$1,319,340.00
2025$53,057.52$4,238.66$14,512.74$3,483.06$575,347.28$1,451,274.00
2026$53,057.52$4,662.53$15,964.01$3,831.36$749,899.50$1,596,401.40
2027$53,057.52$5,128.78$17,560.42$4,214.50$939,780.91$1,756,041.54
2028$53,057.52$5,641.66$19,316.46$4,635.95$1,146,465.43$1,931,645.69
2029$53,057.52$6,205.83$21,248.10$5,099.54$1,371,572.74$2,124,810.26
2030$53,057.52$6,826.41$23,372.91$5,609.50$1,616,882.82$2,337,291.29
2031$53,057.52$7,509.05$25,710.20$6,170.45$1,884,351.89$2,571,020.42
2032$53,057.52$8,259.96$28,281.22$6,787.49$2,176,130.06$2,828,122.46
2033$53,057.52$9,085.95$31,109.35$7,466.24$2,494,580.57$3,110,934.71
2034$53,057.52$9,994.55$34,220.28$8,212.87$2,842,301.16$3,422,028.18
2035$53,057.52$10,994.00$37,642.31$9,034.15$3,222,147.37$3,764,231.00
2036$53,057.52$12,093.40$41,406.54$9,937.57$3,637,258.35$4,140,654.09
2037$53,057.52$13,302.74$45,547.20$10,931.33$4,091,085.10$4,554,719.50
2038$53,057.52$14,633.02$50,101.91$12,024.46$4,587,421.64$5,010,191.45
2039$53,057.52$16,096.32$55,112.11$13,226.91$5,130,439.24$5,511,210.60
2040$53,057.52$17,705.95$60,623.32$14,549.60$5,724,724.06$6,062,331.66
2041$53,057.52$19,476.54$66,685.65$16,004.56$6,375,318.65$6,668,564.83
2042$53,057.52$21,424.20$73,354.21$17,605.01$7,087,767.44$7,335,421.31
2043$53,057.52$23,566.62$80,689.63$19,365.51$7,868,166.91$8,068,963.44
2044$53,057.52$25,923.28$88,758.60$21,302.06$8,723,220.73$8,875,859.78
2045$53,057.52$28,515.61$97,634.46$23,432.27$9,660,300.41$9,763,445.76
2046$53,057.52$31,367.17$107,397.90$25,775.50$10,687,511.96$10,739,790.34
2047$53,057.52$34,503.89$118,137.69$28,353.05$11,813,769.37$11,813,769.37
2048$0.00$37,954.27$129,951.46$31,188.35$12,995,146.31$12,995,146.31
2049$0.00$41,749.70$142,946.61$34,307.19$14,294,660.94$14,294,660.94
2050$0.00$45,924.67$157,241.27$37,737.90$15,724,127.03$15,724,127.03
2051$0.00$50,517.14$172,965.40$41,511.70$17,296,539.74$17,296,539.74
2052$0.00$55,568.85$190,261.94$45,662.86$19,026,193.71$19,026,193.71
2053$0.00$61,125.74$209,288.13$50,229.15$20,928,813.08$20,928,813.08

Rent Breakdown

Year

Rent

Renter's Insurance

Surplus

Investment Portfolio

2023$32,760.00$327.60$38,345.50$239,880.00
2024$33,808.32$338.08$39,124.26$306,245.68
2025$34,890.19$348.90$40,052.89$380,557.15
2026$36,006.67$360.07$41,148.68$463,824.64
2027$37,158.89$371.59$42,430.74$557,184.58
2028$38,347.97$383.48$43,920.13$661,914.90
2029$39,575.11$395.75$45,640.13$779,452.20
2030$40,841.51$408.42$47,616.41$911,410.96
2031$42,148.44$421.48$49,877.30$1,059,604.97
2032$43,497.19$434.97$52,454.03$1,226,071.36
2033$44,889.10$448.89$55,381.07$1,413,097.43
2034$46,325.55$463.26$58,696.41$1,623,250.63
2035$47,807.97$478.08$62,441.94$1,859,412.08
2036$49,337.82$493.38$66,663.83$2,124,814.03
2037$50,916.63$509.17$71,412.98$2,423,081.67
2038$52,545.96$525.46$76,745.48$2,758,279.87
2039$54,227.43$542.27$82,723.14$3,134,965.36
2040$55,962.71$559.63$89,414.04$3,558,245.00
2041$57,753.52$577.54$96,893.21$4,033,840.83
2042$59,601.63$596.02$105,243.29$4,568,162.68
2043$61,508.88$615.09$114,555.31$5,168,389.22
2044$63,477.17$634.77$124,929.52$5,842,558.41
2045$65,508.44$655.08$136,476.33$6,599,668.38
2046$67,604.71$676.05$149,317.33$7,449,790.05
2047$69,768.06$697.68$163,586.40$8,404,192.70
2048$72,000.63$720.01$126,373.45$9,419,640.98
2049$74,304.66$743.05$143,955.80$10,560,216.76
2050$76,682.40$766.82$163,454.62$11,841,075.50
2051$79,136.24$791.36$185,066.63$13,279,171.06
2052$81,668.60$816.69$209,008.37$14,893,465.33
2053$84,282.00$842.82$235,518.20$16,705,162.10