The Housing Cost Calculator has been updated by the Center for Economic and Policy Research (CEPR). The Calculator enables users to compare the cost of owning a home vs renting in 379 metropoli9tan areas across the US. This provides potential homeowners with an easy way to calculate how much a new home will cost them over time. It compares the amount of additional cash available to a renter with the amount available to a homebuyer who sells a home at a specified time in the future.
Calculations include the home price, the region, the down payment, mortgage rate, tax bracket of the buyer and the year they expect to resell the house.
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1 comment:
it depends upon the situation, there are times when its better to rent.
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