Is It Better to Buy or Rent?

Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this. Whether renting is better than buying depends on several factors, particularly sales price trends, mortgage rates, tax advantages and how long you plan to stay in your home. This calculator helps you weed through the fees, taxes and monthly payments to help you make a decision between these two options. This report is based on the original purchase price, fees and taxes payable at that time. Insurance and tax costs can fluctuate from year to year. Click the 'View Report' button for a detailed look at the results.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.