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Buying a Home versus Renting Analysis

$3.99

Buying a home is a hard decision… so is renting! Usually the first decision is whether to buy or rent! It’s not easy to figure out which is financially more feasible for your particular decision - and while I don’t believe any one calculator can do it all for everyone’s particular situation, it does help to have this simple calculator which at least compares some of the key factors from a financial perspective… like:

  • Is the money I have saved put to better use as a downpayment or invested in some financial instruments?

  • How much will it cost me to buy with all the costs on top of the mortgage?

  • How much will it cost me to rent - and will I save enough to make it a better decision than buying right now?

  • In what year will I see the benefit of having bought a home versus renting?

Give yourself some help in the decision process with this simple and helpful analysis spreadsheet which compares buying versus renting.

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