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. Please note that financing may not be available for all scenarios. The advice of a professional should be consulted when buying a home or financing a mortgage loan.