Business Magazine

The Ultimate Rent Vs. Buy Calculator

By Homesmsp @HomesMSP

NYtimes-calculatorThe recently updated New York Times rent vs buy calculator raises the bar. According to Jack Guttentag, a mortgage expert who has dozens of calculators on his website, this is the best he has seen.

Making the choice between buying and renting is a big financial decision, and this new sophisticated tool takes more factors into consideration than were previously possible.

The calculator helps you make your decision based on factors such as...

  • Price
  • How long you plan to stay


  • Down payment
  • Closing costs
  • Selling costs
  • Maintenance costs
  • Utilities
  • Homeowners insurance
  • Association (CIC) fees and deductions


  • Security deposit
  • Broker's fee
  • Renter's insurance

Trying to decide if the time is right for you to buy? Check out the New York Times Rent vs Buy Calculator.

Sharlene Hensrud, RE/MAX Results - Minneapolis Buyer's Agent


  • 6 reasons why it can be better to own rather than rent
  • Steps to owning your first home... can you afford to buy?

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