Should you buy or rent? This is a question most of us have asked. Does buying a house make more financial sense than renting a home? Homeowership still remains cheaper than renting because rent prices have increase faster than home values. Combine low prices with low interest rates, and buying is currently your most affordable option.
There is a way to understand the financial impact of buying vs. renting. Fill out the information below and use the rent vs. buy calculator. This can help you calculate the net cost of buying a home versus the cost of renting. But keep in mind that this comparison is just one of several different factors when deciding whether to rent or buy.
Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.