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Home / Blog / Buying a Home / Should I Buy or Rent a Home?

Should I Buy or Rent a Home?

July 19, 2014 By Mary Catchur

Buy or Rent a Home
Photo Credit: Denis P/Flickr/CC.

“Should I buy or rent a home?” is one of the most important financial decisions you will make.

Check out The New York Times online buy or rent calculator for a tool to help you decide.

The calculator keeps a running tally of the most common expenses of owning and renting. It also takes into account something known as opportunity cost — for example, the return you could have earned by investing your money instead of spending it on a down payment. The calculator assumes that the profit you would have made in your investments would be taxed as long-term capital gains and adjusts the bottom line accordingly. The calculator tabulates opportunity costs for all parts of the buying and renting situations. All figures are in current dollars.

Buy or Rent Calculation

What goes into the calculation to determine whether to rent or buy a home?

  • Home Price
  • How Long Do You Plan to Stay?
  • What Are Your Mortgage Details?
  • What Does the Future Hold?
  • Taxes
  • Closing Costs
  • Maintenance and Fees
  • Additional Renting Costs
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The Marimark Mortgage Newsletter will keep you informed with important events in the mortgage industry that could impact your finances.

We especially focus on ways to save money on your current and future mortgages. And, we continually share the information we share with our clients, because we believe informed consumers are the best consumers.

Real estate agents, and other professionals in the industry, will receive an ongoing wealth of information that will help them serve their clients.

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Filed Under: Buying a Home Tagged With: Buy or Rent, Home Buying

Opinions, estimates, forecasts and other views contained in this page do not necessarily represent the views of Marimark Mortgage or its management and should not be construed as an offer to provide financing at the rates or terms mentioned. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval. Although Marimark Mortgage attempts to provide reliable, useful information, it does not guarantee that the information is accurate, current or suitable for any particular purpose. Information from this page may be used with proper attribution.

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