Buying $400,000 home with 2% closing costs and 20% down = $88,000 cash outlay Mortgage at 7.5% including tax ($5k) and insurance ($1,400) $2,771 x 60 = $166,560 Ins and tax increase over 5 yrs = $7,000 Maintence and repair @$4k/yr = $20,000 Total cash outlay over 5 yrs = $281,560 Renting $ 2,500 month increasing by 5% annually = $198,992 over 5 years Buy let’s see what happens when you sell your home.