Rent or Buy?
See which option makes sense for you
Many factors go into determining whether your should buy or rent. These include the difference in monthly rent versus mortgage payment, home value appreciation, annual rent increases, the interest rate you will pay on your loan, your marginal tax rate and the yield you might receive on savings. When looking at these factors, consider the present value of each option. This calculator reveals which one has the lower present value, meaning it's the better financial choice.