Rent or Buy: Which Is Right For You?

In Homebuyers,News

homeforsale001Before taking the first steps to buy a house, you’ll need to determine if it’s the right financial choice. It’s not as simple as comparing the average home price vs average rent price in your area. Income, mortgage rates, the size of the down payment, taxes, closing costs, and other costs of renting and buying are all an important part of the equation. A housing counselor can work with you one-on-one to evaluate your financial picture and if homeownership is right for you.

Here are a few of our favorite rent vs. buy calculators:


2. New York Times

3. Freddie Mac

4. Trulia

5. Zillow

6. Bankrate

7. Yahoo Real Estate

8. New York Commercial Realty Group

9. MNS

10. SmartAsset

11. CalcXML

12. Schwab Bank