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To decide whether it makes more sense for you to rent or buy a home, you need to
consider:
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What are your lifestyle and priorities?
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Are you ready to take on the responsibilities of home ownership?
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Do you plan to live in one place for at least several years?
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Is your credit good?
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Can you afford a down payment?
Use the Rent or Buy calculator to compare the
cost of renting with the cost of owning a home. You can also compare the anticipated
rent increase to the likely increase in the value of a home. You can use it as often
as you wish, using different scenarios.
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