Choosing to rent or to buy is a decision most of us will likely face at least once in our lives. What that means financially is one of the primary questions. At homebysix, we want to enable you to make the best financial decision for your specific situation. Our rent vs. buy calculator will help you determine the cost of buying a home compared to the cost of renting.
This rent vs. buy calculator estimates the property tax for your Washington state zip code. For other states, it uses a default value. You enter your mortgage data in the Buy tab and your rent data in the Rent Tab. The Comparison tab displays the buy vs. rent costs over a duration of 30 years. The slider menus allow for dynamic changes to the home price, rent cost and year that youll sell your house. The results are displayed at the bottom of the screen.
The information in this application is for general information purposes only. It is not intended as financial or investment advice and should not be construed or relied on as such. Before making the commitment of a financial nature you should seek advice from a qualified and registered financial, investment or mortgage adviser.