After 10 yearsBuying comes out aheadby $155,002 · buying pulls ahead in year 3
Buy: your equity if you sold$576,063
Rent: deposit invested + savings$421,061
Mortgage repayment$3,328/month
Rent now$2,687/month
The renter invests the deposit and any money left over compared with owning. Owner equity allows about 3.5% to sell plus legal fees. Ignores tax. A rough guide to the trade-off, not advice.