EstateIQ

Real Estate Intelligence

Rent Details

$
%

Purchase Details

$
%

$100,000

%

Additional Costs

$
$
% of value
$
$

Assumptions

%
%
years
%
Recommendation for 5 years
BUYING
Saves $18,416 more
Break-even Point
3
years

Total Rent Cost

$127,419

5 years

Net Buy Cost

$109,003

5 years

Advantage

$18,416

Buying wins

Monthly Rent

Current
Base Rent $2,000
Year 5 $2,251

Monthly Buy Costs

Fixed
Mortgage $2,528
Property Tax $500
Insurance $125
Maintenance $417
Total $3,570

5-Year Financial Breakdown

Renting

Total Rent Paid -$127,419
Investment Gains +$40,255
Net Cost $87,164

Buying

Total Costs -$254,196
Tax Savings +$40,000
Home Equity +$105,193
Net Cost $109,003

Home Equity Growth

Home Value $579,637
Loan Balance -$374,444
Down Payment -$100,000
Total Equity $105,193

Buy Cost Breakdown

Mortgage Payments
$151,696
Property Taxes
$30,000
Insurance
$7,500
Maintenance
$25,000
Closing Costs
$15,000

Tax Benefits

Annual Deduction $32,000
Annual Savings $8,000
Total 5-Year Savings $40,000

Investment Opportunity

Down Payment $100,000
Investment Return (7%) $140,255
Potential Gain $40,255

Key Insights

• Break-even occurs at year 3
• Monthly cost difference: $1,570
• Home appreciation: $79,637
• Principal paid: $25,556