Renting vs. Buying
Try the Mortgage Calculator below!Note: The values to the left are just sample values. Feel free to change any of them.
Also, Loan Amount may be less than the actual Home Value for various reasons (ie. If you have a 50k down payment and only need a Mortgage for the remainder or if you are planning on selling your home/condo to use as a down payment, etc).
*PMI - is Private Mortgage Insurance and generally needed if you put less than 20% down. It's usually about .5% of the total Mortgage.
Contributor: http://www.askeachother.com
Do you rent or own?
Own
Rent
Live w Parents
Live at School
Other
Posted by AskEachOther on 12/29/2009 1:14pm
for http://www.askeachother.com/visited
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Some Members who Voted (Join to see your picture here)
Venus vs. Mars (based on reg. users)
43% of Men voted Rent
75% of Women voted Rent
Location Stats
Major Cities: 38%Non-Major Cities: 62%
Age Groups
18-21: 29%22-25: 16%
26-30: 10%
31-35: 29%
36+: 15%
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