Rent or Buy?

There’s more to housing costs than first meets the eye.
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Other factors include taxes, interest, and insurance

Everyone needs a place to live. For some, that means buying a home. For others, it means renting an apartment or other property. Which option makes financial sense for you? It’s important to consider many factors. Purchasing a house, for instance, means paying property taxes and mortgage interest. With leasing, there’s renters’ insurance and potential rent increases. This calculator allows you to make a clear comparison of the total costs of your options.