If you rent at $2,800 a month for 30 years, you’ll pay over $675,000 and own nothing. Here’s what that same money looks like as equity in a home you actually own.
Year by year breakdown:
00:00 The setup: $2,800/month for 30 years
00:08 Year 1: $33,861 in rent paid
00:18 Year 5: $178,400 paid, zero equity
00:30 Year 10: the crossover point where equity overtakes rent
00:45 Year 30 final tally: $675,155 rent vs $504,403 equity
Renting isn’t always the wrong move. Sometimes life requires flexibility. But most people have never actually seen the 30-year math side by side, and that’s the gap we’re closing here.
If you’ve been quoted a rate but never walked through the long-term picture, you’re getting half the conversation.
Run your real numbers: https://trueblue lending.net
Licensed mortgage brokerage in California and Florida.
First time buyers, FHA, VA, conventional, jumbo, NON-QM, refinance, and investment property loans.
23 years of experience. Straight answers. No runaround.
True Blue Lending Corporation
NMLS #2380218
Equal Housing Lender
