Do the math on whether to rent or buy

Submitted by a LOZO expert
      4.0 Stars


Did you know...?
Add this page to a special LOZO bookmarks section for easy one-click access. Login to save these bookmarks to your LOZO account to access from anywhere, otherwise they will be saved on this computer only.
Login now
Save on this computer
A wise investment won't break your bank account. Compare the cost of renting versus the cost of buying a house with 20% down and a 30-year fixed-rate mortgage. If the total monthly cost of the mortgage, property taxes and insurance is less than the cost of renting, you've found a good deal and probably a worthwhile investment. If not, stick to renting - maintenance costs and homeowner's insurance are not your problem - and you're only stuck there for a year.

A LOZO expert posted this tip.


User Comments