Rent Payment vs. Mortgage Payment Calculator
Should you rent or buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes and monthly payments to help you make a decision between these two options. This report is based on the original purchase price, fees and taxes payable at that time. Insurance and tax costs can fluctuate from year to year.
Information contained in this calculator is not intended or written as specific financial, legal, or tax advice and may not be relied on for purposes of avoiding any federal tax penalties. Neither American Equity Mortgage, Inc. nor any of its employed or representatives are authorized to give financial, legal or tax advice. You must rely on the advice of your own independent counsel.