Rent vs. Buy Calculator
Should you rent a home or buy one? It takes more than looking at your projected mortgage payment to answer that question. This calculator helps you sort through fees, taxes, and monthly payments to help you figure out which way to go. The report you get is based on the total cost of buying a home— the purchase price plus closing fees and taxes payable at signing as well as on going insurance and property tax costs—so you can make an accurate comparison to the cost of renting. Click the "View Report" button for a detailed look at the results.
Here's more helpful information.
Buy or Rent?
It's a tough question. Take a look at these guidelines to decide which is right for you.
The cost of a home is more than just its mortgage.
Your monthly mortgage payment is just one part of the cost of home ownership. You should also consider property taxes, insurance, and more.