If I have a
and I am in a
Property Tax Rate
of the home I wish to buy is...
of a comparable property is...
of a comparable home is...
Condo & HOA Fees
and the number of
I plan to stay in the home is..
Then on an annual basis, buying will cost me $
than renting based on financial analysis, rather than cash outlays.
Overall, the conclusion is:
This evaluation of the financial advantage or disadvantage of buying a home is based on the assumptions typed in above. Try typing in a different value for "expected appreciation," and then click the Compute button. See how it affects the results. Other assumptions also affect the results. Since nobody knows for certain how much houses will appreciate in your area in the future, it is impossible to be absolutely certain whether renting or buying will be advantageous for you.