Saved mortgages
Here you can compare 2 diffrent mortgages from saved.

But now you do not have any saved mortgage.

You can the current mortgage now.
General data
Borrowing: $423,037
Property Value
Indicate the value of the property you are looking to buy.
$50,000$4,000,000
Down Payment
5%50%
$21,000$210,000
Insurance: 4% ($16,302)
Compare to rent the same property
Tenant insurance
$50 per month
Tenant insurance
$0$4,000

Your monthly payment will be: $1,730

Additionaly you will need $928 for other taxes and expenses per month.

so total is ~ $2,658 per month

Eventually, buying will be better for you.

The Owner's Net Worth will be bigger after 35 months or ~3 years.

For details, please look on the chart below or go to the payments section.

1234567891113151719212325years$-250,0000$250,000$500,000$750,000
Renter's Net Worth.Owner's Net Worth.

While renting you will be paying $2,300 per month which is $358 less compare to your payments in case of buying the same property.

If you save and invest this difference you could increase your Net Worth.

$-250,000