While purchasing a home is often the better option, there are times (depending upon how long you intend to live in a particular area) when renting may be a better choice. This calculator helps you determine what may be best for you.
Directions:
Enter your inputs into the white boxes. To see the results (in the yellow boxes), click on another box or press the Tab key.
Another great calculator from the company that designed our free HSH Home Buyer's Calculator Suite, a collection of ten must-have calculators.
DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your own financial advisor.