: A quick rule of thumb used by analysts: 15 or less : Generally favors buying.
: Less granular detail than the NY Times model, though easier for quick estimates.
Many experts note that calculators can "break" if you compare "apples to oranges"—for example, comparing the cost of a 2-bedroom apartment to a 3-bedroom single-family house. For an accurate result, you must use a Search Site like Zillow to find a specific home that is currently listed for both sale and for rent to use as your data source. rent or buy home calculator
Are you looking to compare a or just looking for a general breakdown of your local market's costs?
: Accounts for opportunity cost (what you'd earn by investing your down payment), the 2017 mortgage interest deduction cap, and localized appreciation. : A quick rule of thumb used by
: Automatically provides national averages for insurance and property taxes if you don't have exact figures.
: The interface uses several sliders that some find less precise than text-entry fields. Key Metrics to Watch For an accurate result, you must use a
: Widely considered the gold standard due to its comprehensive inclusion of "unrecoverable costs".