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This calculator will help you to compare the
costs of renting to the costs of buying a home.
Since there are all kinds of 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 attempts
to forecast the net effects of all the hidden
forces so you can make an informed decision.
Help Buttons: For pop-up explanations
of any of the entry fields, click the radio button
next to the description.
NOTE: Be sure to enter "0" (zero) in any entry
boxes that don't apply to you. Also be sure that
only numbers and decimal points are entered into
the fields (dollar signs and other non-numeric
characters will cause a JavaScript error).
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