Age 35 → 65
Renting comes out ahead
Renting stays ahead on net worth the whole way. · Ownership costs less each month but renting still wins on net worth here
$323,051
more net worth than buying
Monthly
$3,784
$3,130 for DTI
Cash to close
$68,450
$8,450 above savings · $55,250 close + $13,200 reserve
Break-even
Never
buying never catches up
Odds buying wins
—
simulating…
$
%
%
$
Loan$382,500 · 90% LTV$382,500 at 90% LTV
Transaction costs$55,250 to buy$55,250 to buy · $1,850 to rent
Carrying costs$3,784 a month
Market0.0% home · flat or falling
Income$6,587/mo qualifying$6,587 a month qualifying
Savings and debts$85,000 liquid
House hackingOff
RefinanceOffOff
Uncertainty5,000 paths5,000 randomized paths
Wealth by age
Home equity plus investments while you stay put. Running uncertainty…
Own & invest
Rent & invest
Uncertainty band
Swipe for more
Can I afford it
Can't afford yet
Over lender limits and you about $824/mo short after housing and bills.
Front-end DTI
Back-end DTI
Housing ratio