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Purchase home or keep renting

It is actually not trivial to decide if you are better off renting than buying a home. You need to remove your emotional desire to own a home in making this decision. This calculator will help you make that decision. Based on the information you privide it will show you what year you will come out ahead buying.
Use this calculator to see if buying or renting is better financially for you.
 
mortgage payoff sign
.....Mortgage Information.....
New Home Price:
Down payment %: %
Mortgage Interest Rate: %
Length of Loan:
Closing Costs:?
 
.....Annual Information.....
Annual home maintenance and insurance cost (as percent of home value):? %
Property Taxes (as % of home value): %
Expected annual change in Home Value:?
Mortgage Interest Tax Deduction:?
 
.....Selling Expenses.....
Fixup, Realtor and Other costs when you sell your house (as percentage of sale price):?
 
.....Rental Information.....
Monthly Cost to Rent:?
Expected annual increase in Rent: