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May 2015
Back to blog
[Access to our Rent vs. Buy Calculator at the end of post]
Rent vs. Buy?  What to do….
The forces of each side pull and tug on your thoughts
몭guratively.  What would make more sense now?  Or should
the question be: What makes sense for my future?
Such a loaded question, right?  You’re thinking there has to
be so many things that come into play…but then you think,
What ARE those things anyway?
Still On The Rent Or Buy Fence?
The truth is….It really depends on your circumstances,
whether they are in몭uenced by 몭nancial or personal reasons.
 
A majority of people don’t realize the following positive
scenarios when you buy instead of rent:
The Rent vs. Buy
Epiphany
You could spend the same amount on rent as you would on
a mortgage/maintenance every month
You could actually save more money owning at the end of
the year
Get Started
One of the most important factors is to know what you can
afford and understand how your debt-to-income
ratio affects affordability.
What Makes Sense Or Is It Cents?
Luckily for you, we’ve done all the grunt work and heavy
lifting by creating one of the most comprehensive Rent vs.
Buy Calculators to help you see if this is something that
would make (dollars and) “cents”.
Our innovative calculator takes into account:
You’ll get a true apples to apples comparison of:
Use our Rent vs. Buy Calculator to 몭nd out if you bene몭t
from continuing to rent or if now is the right time to buy a
home.
Feel free to speak with one of our non-commissioned Home
Loan Advisors to get answers to all of your questions.
Buying a Home
Share post:
Was this article helpful? Yes No
0 out of 0 found this helpful
Town Property Taxes (Not State or County Averages)
PMI (Private Mortgage Insurance)
Income Tax Bene몭ts
Rent vs. Mortgage Monthly Payments
ROI Gain or Loss When Selling
Related posts
Tools
January 2021
First Time Home Buyer
Guide: Save Time &
Money
Being a 몭rst time home
buyer is one of the biggest
decisions of your life—no
pressure! The good news is...
Buying a Home Tools
July 2016
How Long Will It Take?
A Timeline Roadmap
>>DOWNLOADABLE GUIDE
AT BOTTOM OF POST<<
You’re giddy with excitement.
 You’re lookin...
Buying a Home
September 2016
#1 U.S. Mortgage Bank
Wells Fargo “forgoes”
Client Protection
Breaking News: Big Bank Safe
& Secure Stereotype
Challenged Yesterday the #1
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Buying a Home
January 2018
What is a Mortgage
Pre-Approval? How to
Get One in 10 Minutes
Are you ready to buy a house
but not sure how much you
can afford? Don’t start house
shopping witho...
Buying a Home Tools
Tools
Purchase Calculator
Re몭nance Calculator
Affordability Calculator
Rent vs Buy Calculator
Credits / Points Calculator
Programs
Comparison
30 Years Fixed
15 Years Fixed
FHA Loan
VA Loan
About Us
Company Information
Press Room
Careers
Testimonials
Contact
Learn
Blog
FAQs
Of몭ces
NJ Of몭ce
FL Of몭ce
GA Of몭ce
CA Of몭ce
© 2021. Get A Rate LLC. All Rights Reserved
NMLS #907795 Licensed Residential Mortgage Lender in CA, WA, GA, TX, PA, CT,
FL, SC and NJ (by the NJ Department of Banking and Insurance). Equal Housing
Opportunity Lender. When and if acting as a broker, Get A Rate will not make
commitments or fund mortgage loans. Registered NY Mortgage Broker. All NY
mortgage loans are arranged with third party lenders – Get A Rate LLC does not
directly offer or guarantee NY interest rates or loan programs and does not
directly issue commitments or make 몭nal decisions on loan terms. This website is
not authorized by the NYDFS and that no applications can be taken for NY loans
on the site.
on the site.
Get A Rate LLC is an FHA Approved Direct Lending Institution, and is not acting
on behalf of or at the direction of HUD/FHA or the Federal government. These
programs are not a commitment to lend and program guidelines are subject to
change.
Additional Disclosures
Home / HUD & RESPA
/ State Licenses & Disclosures, Terms & Conditions, Privacy Policy / 888-562-2611
/ Rate Lock Policy / NMLS Consumer Access

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The rent vs. buy epiphany

  • 1. May 2015 Back to blog [Access to our Rent vs. Buy Calculator at the end of post] Rent vs. Buy?  What to do…. The forces of each side pull and tug on your thoughts 몭guratively.  What would make more sense now?  Or should the question be: What makes sense for my future? Such a loaded question, right?  You’re thinking there has to be so many things that come into play…but then you think, What ARE those things anyway? Still On The Rent Or Buy Fence? The truth is….It really depends on your circumstances, whether they are in몭uenced by 몭nancial or personal reasons.   A majority of people don’t realize the following positive scenarios when you buy instead of rent: The Rent vs. Buy Epiphany You could spend the same amount on rent as you would on a mortgage/maintenance every month You could actually save more money owning at the end of the year Get Started
  • 2. One of the most important factors is to know what you can afford and understand how your debt-to-income ratio affects affordability. What Makes Sense Or Is It Cents? Luckily for you, we’ve done all the grunt work and heavy lifting by creating one of the most comprehensive Rent vs. Buy Calculators to help you see if this is something that would make (dollars and) “cents”. Our innovative calculator takes into account: You’ll get a true apples to apples comparison of: Use our Rent vs. Buy Calculator to 몭nd out if you bene몭t from continuing to rent or if now is the right time to buy a home. Feel free to speak with one of our non-commissioned Home Loan Advisors to get answers to all of your questions. Buying a Home Share post: Was this article helpful? Yes No 0 out of 0 found this helpful Town Property Taxes (Not State or County Averages) PMI (Private Mortgage Insurance) Income Tax Bene몭ts Rent vs. Mortgage Monthly Payments ROI Gain or Loss When Selling Related posts
  • 3. Tools January 2021 First Time Home Buyer Guide: Save Time & Money Being a 몭rst time home buyer is one of the biggest decisions of your life—no pressure! The good news is... Buying a Home Tools July 2016 How Long Will It Take? A Timeline Roadmap >>DOWNLOADABLE GUIDE AT BOTTOM OF POST<< You’re giddy with excitement.  You’re lookin... Buying a Home September 2016 #1 U.S. Mortgage Bank Wells Fargo “forgoes” Client Protection Breaking News: Big Bank Safe & Secure Stereotype Challenged Yesterday the #1 U.S. Mortgage Bank Wells ... Buying a Home January 2018 What is a Mortgage Pre-Approval? How to Get One in 10 Minutes Are you ready to buy a house but not sure how much you can afford? Don’t start house shopping witho... Buying a Home Tools
  • 4. Tools Purchase Calculator Re몭nance Calculator Affordability Calculator Rent vs Buy Calculator Credits / Points Calculator Programs Comparison 30 Years Fixed 15 Years Fixed FHA Loan VA Loan About Us Company Information Press Room Careers Testimonials Contact Learn Blog FAQs Of몭ces NJ Of몭ce FL Of몭ce GA Of몭ce CA Of몭ce © 2021. Get A Rate LLC. All Rights Reserved NMLS #907795 Licensed Residential Mortgage Lender in CA, WA, GA, TX, PA, CT, FL, SC and NJ (by the NJ Department of Banking and Insurance). Equal Housing Opportunity Lender. When and if acting as a broker, Get A Rate will not make commitments or fund mortgage loans. Registered NY Mortgage Broker. All NY mortgage loans are arranged with third party lenders – Get A Rate LLC does not directly offer or guarantee NY interest rates or loan programs and does not directly issue commitments or make 몭nal decisions on loan terms. This website is not authorized by the NYDFS and that no applications can be taken for NY loans on the site.
  • 5. on the site. Get A Rate LLC is an FHA Approved Direct Lending Institution, and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. These programs are not a commitment to lend and program guidelines are subject to change. Additional Disclosures Home / HUD & RESPA / State Licenses & Disclosures, Terms & Conditions, Privacy Policy / 888-562-2611 / Rate Lock Policy / NMLS Consumer Access