Is it more cost effective to rent or buy?
It may be surprising to learn that in many areas of this country, buying a home can actually be more affordable than renting. This calculator will help you compare the true cost of renting versus owning a home to help you determine which would be most cost effective for you. The results are based on 5 year period.
The examples created by this calculator are estimates based on the information you have supplied and are for illustrative purposes only. We recommend that you seek the advice of a professional when buying or financing a mortgage loan.