Rent vs buy
Compare renting against buying over the time you plan to stay.
Over 7 years
Buying looks cheaper
Buying breaks even around year 1.
Net cost to buy
₦77,379,953
Total cost to rent
₦124,617,904
Cost comparison
Buy (net): ₦77,379,953Rent: ₦124,617,904
Home value at end
₦140,710,042
Equity at end
₦62,412,006
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