|Rent vs Buy
|This calculator will help you to compare the costs of renting to the costs of buying
a home. Since there are all kinds of forces at work behind the scenes (interest,
property taxes, tax savings, appreciation, opportunity costs, closing costs,
selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more
complicated than just comparing the monthly mortgage payment to the monthly
rent payment. This calculator attempts to forecast the net effects of all the hidden
forces so you can make an informed decision.
If your down payment is less than 20% or if you have an FHA loan,
your loan will have PMI.
Of course, you can contact me and I'll tell you how to eliminate
monthly PMI without 20% down!
Help & Instructions will appear in cells to the right of fields once you click
in or tab into the fields.
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