Should I rent or buy a home?
Summary
Before you can answer this question, you have a few variables to weigh. If you're renting, you need to consider how much you can afford for monthly rent, fees and insurance. If you're buying, there's the down payment, realtor fees, insurance, closing costs, property taxes and more. However, buying can offer tax deductions that renting doesn't. Use our rent vs. buy calculator to help determine what makes sense for you.