Buying vs Renting Comparison
Are you tried of renting? Are you considering taking the leap into homeownership?
Use our Buying vs Renting Comparison calculator to find out whether it is more financially beneficial for you to purchase a home or to continue renting.
The answer to whether it’s better to rent or to buy will vary based on your situation and should be considered seriously before any final decisions are made.
Owning a home may seem more expensive than renting because there are more financial obligations that come with most homes, like maintenance and HOA fees. Even so, you would be surprised by how small the difference in payments really are, especially when you consider that rent can cost you more than a monthly mortgage payment.
Disclaimers: The information provided by these calculators is for illustrative purposes only. There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. The default figures shown are hypothetical and may not be applicable to your individual situation. The calculated results are also intended for illustrative purposes only and accuracy is not guaranteed. There is not tax or financial advice given. Default and calculated tax data are for illustrative purposes only. Be sure to consult a tax or financial professional regarding your specific situation and before relying on the results.
Any hypothetical monthly mortgage payments reflect hypothetical Principal & Interest amounts rounded to the nearest dollar amount and may not include insurance, taxes, or other possible fees. These figures and rates are for educational purposes only and do not reflect an official mortgage loan offer.
We have many other Mortgage Calculators for you to use.
Make sure you register to receive my Free Homebuying Guide and Insider Mortgage Reports, browse my Resources section, fill-out a FREE No-Obligation Secure Online Loan Application, or call me in my Duluth, Georgia office at 770-235-9907. I am here to help you with all your mortgage needs.