Yes, but the renter's balance is higher than the future value of the owner's house (which the renter could then buy in cash and still have money left over).
One thing that was ignored is the increase in rent over time. By year 30, the monthly rent will probably be higher than the mortgage payment (in the calculation, we assumed fixed rent over 30 years).
One thing that was ignored is the increase in rent over time. By year 30, the monthly rent will probably be higher than the mortgage payment (in the calculation, we assumed fixed rent over 30 years).