First Time Home Buyer – Rent vs Buy Calculator

First Time Home Buyer - Should I Rent or Buy a Home? - Rent vs Buy Calculator - Includes Amortization Chart!

(First Time Home Buyer - Rent vs. Buy Calculator below Instructions)

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"Should I rent or buy a home?" As a First Time Home Buyer, it's often difficult to decide whether to rent or buy a home. It takes more than looking at your mortgage payment to answer this question. This rent vs buy calculator helps make the decision easier. It helps you sort through the fees, taxes and monthly mortgage payments to help you make a decision between rent or buy. Estimate the home property tax amount and the home insurance amount. The calculator report is based on the original purchase price, down payment, closing costs, and taxes payable at that time. Insurance and tax costs can fluctuate from year to year. Click the "View Report" button on the rent calculator below for a detailed look at the results. You may also email the rent vs buy calculator results by clicking on the three-line icon in the upper right hand corner of the mortgage calculator.

Rent vs Buy Calculator

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance scenarios.