Should I rent or buy a home?
With interest rates near forty year lows, the decision to rent versus buy becomes difficult. Use this calculator to help determine which makes sense for you at this time.
Inputs
Rent Assumptions
Other Assumptions
Summary
| Rent vs. Buy Analysis | Rent | Buy | |
|---|---|---|---|
| Rent and fees | 0 | ||
| Mortgage payments | 0 | ||
| Closing costs | + | 0 | |
| Property insurance | + | 0 | |
| Property taxes | + | 0 | |
| Maintenance | + | 0 | |
| Opportunity cost (tied-up equity) | + | 0 | |
| Tax savings (interest/taxes) | - | 0 | |
| Appreciation | - | 0 | |
| Principal reduction | - | 0 | |
| Realtor fees on future sale | - | 0 | |
| Total cost | = | 0 | 0 |