![]() We used data provided by Zillow for this analysis. The cost of owning a home will typically exceed the cost of renting when the price-to-rent ratio (the cost of buying a home divided by the annual rent of similar property) is greater than 20. ![]() Homeownership costs are offset by the tax deduction you get on your mortgage interest payments. ![]() Rental costs are offset by the interest you make on the cash you did not have to put toward a down payment. We did some analysis on the cost of homeownership versus the cost of renting. These costs do not increase the value of your home nor do they reduce the principal on your mortgage. The cost of homeownership includes the money you spend on fees, taxes, and interest. When you buy a home, a lot of the money you spend isn't going toward your home equity.
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