You also have to factor in the opportunity cost of what you could've done with that down payment (e.g. What would a $100k downpayment invested for 30 years in the stock market be worth vs how much is that worth in your home in 30 years?)
The NYT has a buy vs rent calculator that helps make some of these decisions:
The NYT has a buy vs rent calculator that helps make some of these decisions:
https://www.nytimes.com/interactive/2014/upshot/buy-rent-cal...