Should you buy or keep renting? Compare where you would stand financially after the number of years you choose, under your own assumptions.
If you buy
If you rent
Buying comes out ahead by
₪141,743
Buying pulls ahead in year 6.
If you buy, your net worth is the home's value minus what is left on the mortgage. If you rent, you invest the money that would have gone into the down payment and buying costs.
Each year, whoever spends less (mortgage and ownership costs versus rent) invests the difference at the return you entered. Rent rises and the home's value grows at the rates you set.
The comparison ignores taxes on investment gains and the costs of selling the home.
Results are estimates for planning only and are not financial, tax or legal advice. Check the figures with a professional before you decide.
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