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Family looking at a house

Is Buying a Home a Good Investment Opportunity?

The short answer is not really, but there's a lot more to the story.

[Updated: Feb 04, 2021 ] Feb 28, 2020 by Matt Frankel, CFP

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Item Cost
Down payment $40,000
30 years of mortgage payments $274,991
30 years of taxes, insurance, and maintenance $285,453
Total ownership costs $600,444

Data source: Author's calculations. Note: There are other costs of owning a home, but many are common to both owning and renting. For example, we can assume that you'd be paying the same for electricity whether you owned or rented the home you lived in, so we're not considering it in this comparison.

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