Rent vs. Buy Analysis

scenario 1
scenario 2
scenario 3

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 vs. Buy Analysis

	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 vs. Buy Analysis

	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

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 vs. Buy Analysis

	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