Yes. The number also takes

[scripps]

Yes. The number also takes into account 2.5% rise in rent annually.

And if he stays for 10 years instead of 5 years, the conclusion is quite different:

By buying your home versus renting you will have saved $17,889.46 over the next 10 years.

You can try changing the assumptions on the site and see different results. It’s quite fun!