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.
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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