: A quick rule of thumb used by analysts: 15 or less : Generally favors buying.
: Automatically provides national averages for insurance and property taxes if you don't have exact figures. rent or buy home calculator
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. : A quick rule of thumb used by
: Less granular detail than the NY Times model, though easier for quick estimates. For an accurate result, you must use a
: The interface uses several sliders that some find less precise than text-entry fields. Key Metrics to Watch
Are you looking to compare a or just looking for a general breakdown of your local market's costs?
: Best for those focusing on tax implications. Pros : Calculates taxes at federal, state, and local levels.