Should I Rent or Buy a House?

Depending on how fast prices and rents rise and how long you stay in your home, you may be better off renting rather than buying a house. Factors that are part of the equation are the difference in monthly rent versus mortgage payment, home value appreciation, annual rent increases, the interest rate you will pay on your loan, your marginal tax rate and the yield you might receive on savings.

Use this calculator to find out if you should rent or buy a house.


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Article provided by Fintactix

© 2015 Fintactix

The calculations provided by this calculator are based entirely on the information you enter, including any loan amount and/or interest rate. These calculations do not reflect the terms available for any Regions loans or whether you qualify for any Regions loan. Mortgage insurance premium may be necessary for Loan to Values above 80 percent. Find out more about Regions loans.

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