This calculator helps you compare costs of renting to the costs of buying a home. There are several forces at work behind the scenes (interest, property taxes, tax savings, appreciation, opportunity costs, closing costs, selling costs, etc.), comparing the cost of renting to the cost of buying is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.
This calculator gives a forecast of the net effects and the hidden forces so you can make an informed decision.
RealEstateBuySellExchange.com suggests you consider this decision with great care and asking your accountant or attorney might give you more insight into your final decision.
Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.