from Realtor.com
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...
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