myfi — Rent vs. Buy

Estimated income & savings growth

Applies to both columns. Income is post-tax monthly; growth compounds the running savings balance.

Monthly income ($)

Savings growth (%/yr)

Purchase price ($)

Home value ($)

Down payment (%)

Interest rate (%)

Loan term (years)

Property tax (%)

Insurance ($/mo)

Initial capex ($)

Annual OpEx ($)

Additional income ($/mo)

Appreciation (%/yr)

Asset liquidation ($)

Liquidation tax (%)

Mortgage P&I$4,045

Property tax$667

Insurance$150

OpEx (annual / 12)$417

Total monthly payment$5,279

Initial equity$160,000

Equity after 5 yrs$328,309

Liquidation tax (one-time)$24,000

Monthly savings$4,721

Monthly rent ($)

Annual rent increase (%)

Misc monthly expenses ($)

Rent$3,000

Misc$0

Total monthly payment$3,000

Rent in year 10$4,032

Monthly savings$7,000

Buying overtakes renting at year 19.7. After 30 years, buying leads by $308,836.

Buy net worthRent net worth