Wednesday, May 28, 2008
Rent vs. Own How Much Can you save?I found a pretty cool interactive tool that allows you to take a look at which is financially better renting or owning. With today's declining home prices in a lot of areas it really is a tough call. You have to play around with some assumptions however, I thought it was a pretty cool tool. Calculate savings of renting vs. owning. Another big factor that I always talk about is if you are on a 15 yr or 30 yr mortgage. That makes a huge difference.