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Buy vs. Rent

For many, home ownership is not only a great source of pride, but can mean significant tax savings and even reduction in monthly payments depending on your interest rate and home loan specifications. Is home ownership the right path for you? Use our calculator to analyze the total cost to rent versus the total cost to own for a specific period of time.

Note: Select the appropriate box to estimate taxes and insurance; not all calculated values are displayed; home appreciation and rent increases may vary by area.

Rental Information

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Property Information

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Loan Information

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*Analyze the total cost to rent versus the total cost to own.

These calculations are only estimates and can only be used to evaluate the possible results of consolidating certain debts into an equity loan. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation. Please consult your tax advisor for information on the deductibility if interest for tax purposes.

To qualify for a home loan, you must be an existing Member of Schools Financial, a division of SchoolsFirst FCU.

Until we integrate fully with SchoolsFirst FCU on November 2nd, new Members can join SchoolsFirst FCU and apply for a home loan. Click Apply for a Membership or home loan for more information.

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