Who's Mortgage Do You Want To Pay?
The rent vs. buy question comes up all the time in Real Estate. Now more then ever that threshold is changing and renters considering a purchase have to crunch the numbers and make a decision. Rent or buy?
With continuing high demand, low inventory and rising home prices rents are also rising.
There are a number of rent vs. buy calculators that can provide a window into your specific situation. Are you making a high enough monthly rent payment that would cover a mortgage? When you figure in your total payments or PITI (principle, interest, taxes and insurance) and tax benefits could you be paying towards your mortgage or are you financing your landlords mortgage?
A simple calculator is however,…