
1. $1,600/month in rent versus a $375,000 loft with 3% down.
You would save approximately $50,015 (in today's dollars) by buying a home, rather than renting, over a 10 year timeframe.
|
Rent |
Buy |
|---|---|---|
Rent and fees |
$241,429 |
|
Mortgage payments |
$236,355 |
|
+ Property insurance |
$46,773 |
|
+ Property taxes |
$51,587 |
|
+ Opportunity cost (equity) |
$30,026 |
|
- Tax savings (interest/taxes) |
$(53,101) |
|
- Appreciation (3%) |
$(131,008) |
|
= Total cost |
$241,429 |
$180,633 |
Present value at inflation |
$199,111 |
$149,097 |
Difference |
$50,015 |

*Above calculations make assumptions on appreciation, loan, maintenance costs, insurance, & a range of other buyer specific criteria. These numbers are illustrative only and make no guarantees or representations by developer.
2. $2,100/month in rent versus a $450,000 loft with 10% down.
You would save approximately $88,237 (in today's dollars) by buying a home, rather than renting, over a 10 year timeframe.
|
Rent |
Buy |
|---|---|---|
Rent and fees |
$312,964 |
|
Mortgage payments |
$263,158 |
|
+ Property insurance |
$50,212 |
|
+ Property taxes |
$61,905 |
|
+ Opportunity cost (equity) |
$47,844 |
|
- Tax savings (interest/taxes) |
$(60,097) |
|
- Appreciation (3%) |
$(157,209) |
|
= Total cost |
$312,964 |
$205,813 |
Present value at inflation |
$258,107 |
$169,870 |
Difference |
$88,237 |

*Above calculations make assumptions on appreciation, loan, maintenance costs, insurance, & a range of other buyer specific criteria. These numbers are illustrative only and make no guarantees or representations by developer.
3. $2,650/month in rent versus a $550,000 loft with 5% down.
You would save approximately $107,267 (in today's dollars) by buying a home, rather than renting, over a 10 year timeframe.
|
Rent |
Buy |
|---|---|---|
Rent and fees |
$392,065 |
|
Mortgage payments |
$359,508 |
|
+ Property insurance |
$53,651 |
|
+ Property taxes |
$75,662 |
|
+ Maintenance |
$0 |
|
+ Opportunity cost (equity) |
$48,164 |
|
- Tax savings (interest/taxes) |
$(83,159) |
|
- Appreciation |
$(192,144) |
|
= Total cost |
$392,065 |
$261,682 |
Present value at inflation |
$323,343 |
$216,076 |
Difference |
$107,267 |

*Above calculations make assumptions on appreciation, loan, maintenance costs, insurance, & a range of other buyer specific criteria. These numbers are illustrative only and make no guarantees or representations by developer.