Rent Vs. Buy Calculator
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.
Recommended Reading
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When will I begin paying more principal than interest?
A 4 percent 30-year fixed-rate mortgage will see equal parts principal and interest at about payment number 154. -
Fixed mortgage rates break rise
HSH.com releases its latest Weekly Mortgage Rates Radar showing a small decline in fixed mortgage rates from the previous week. The Weekly Mortgage Rates radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM). -
HARP needs more than a deadline extension
Homeowners who haven't refinanced their mortgage might have another shot at refinancing now that the Home Affordable Refinance Program (HARP) has been extended until Dec. 31, 2015. -
In-house lenders aren't always best
There are both advantages and disadvantages to working with an in-house lender, so homebuyers should always compare offers from multiple lenders before committing to a lender or a loan. -
Upward trend for rates continues
HSH.com releases its latest Weekly Mortgage Rates Radar showing a sixth consecutive rise in fixed mortgage rates from the previous week. The Weekly Mortgage Rates radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM).
