Renting

Buying

Additional info

Total costs after 14 years

Buying is $15,536 less than renting
Rent Buy
Initial costs i $24,000 $60,009
Recurring costs i $412,532 $613,725
Opportunity costs i $208,164 $358,438
Net proceeds i -$24,000 -$434,292
Total (Inflation adjusted) $422,664 $407,128