Well, based on all of those calculations and the assumptions we put forth, it seems like its inflection point is somewhere between 3 and 4 years of rent. Assuming the monthly payment stay where they are, if you predict rates will go up to 7.238% in less than 4 years, then it’s better to wait. However, if you think rates will stay around today’s level (+/- 1%) in the next 4 years, then buying today would be a better deal.
