: Accounts for opportunity cost (what you'd earn by investing your down payment), the 2017 mortgage interest deduction cap, and localized appreciation.
: Generally favors renting and investing the difference. Common Criticism of Calculators
: Highly reviewed for its user-friendly interface and frequently updated economic forecasts.
: A quick rule of thumb used by analysts: 15 or less : Generally favors buying.
: The interface uses several sliders that some find less precise than text-entry fields. Key Metrics to Watch
Rent-vs-buy calculators are essential for determining the "break-even point"—the exact year when the total cost of homeownership becomes less than the total cost of renting.
Rent Or Buy Home Calculator Review
: Accounts for opportunity cost (what you'd earn by investing your down payment), the 2017 mortgage interest deduction cap, and localized appreciation.
: Generally favors renting and investing the difference. Common Criticism of Calculators rent or buy home calculator
: Highly reviewed for its user-friendly interface and frequently updated economic forecasts. : Accounts for opportunity cost (what you'd earn
: A quick rule of thumb used by analysts: 15 or less : Generally favors buying. the 2017 mortgage interest deduction cap
: The interface uses several sliders that some find less precise than text-entry fields. Key Metrics to Watch
Rent-vs-buy calculators are essential for determining the "break-even point"—the exact year when the total cost of homeownership becomes less than the total cost of renting.