Not sure if you are ready to purchase that home yet? Thinking about renting for just one more year? Plug some numbers into this calculator and see what you come up with. I would suggest doing an interest rate of around 5.3% and 10% down. Now you could go FHA financing and do 3.5% down, but you will also have to then pay monthly PMI on your loan, which can't be calculated with this calculator.
Own Vs Rent Calculator
Enjoy
