Buying a home is a major purchase, and for some it's not always the best deal. The New York Times has a calculator to help you with that decision.
We've featured this calculator in the past, but the New York Times has updated it significantly since we last covered it. The calculator has more options and includes average maintenance and fees along with opportunity costs. Overall, the calculator looks at the price of the home, how long you plan to stay in the home, mortgage rates, and down payment to help you determine if it's better to rent or buy.
If you aren't sure if you are ready to buy a home or should continue to rent, check out the link and the calculator.
Is It Better to Rent or Buy? | The New York Times via MyMoneyBlog
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