May 2015

The Rent vs. Buy Epiphany

The Rent vs. Buy Epiphany

[Access to our Rent vs. Buy Calculator at the end of post]

Rent vs. Buy?  What to do….

The forces of each side pull and tug on your thoughts figuratively.  What would make more sense now?  Or should the question be: What makes sense for my future?

Such a loaded question, right?  You’re thinking there has to be so many things that come into play…but then you think, What ARE those things anyway?

Still On The Rent Or Buy Fence?

The truth is….It really depends on your circumstances, whether they are influenced by financial or personal reasons.  

A majority of people don’t realize the following positive scenarios when you buy instead of rent:

  1. You could spend the same amount on rent as you would on a mortgage/maintenance every month
  2. You could actually save more money owning at the end of the year

One of the most important factors is to know what you can afford and understand how your debt-to-income ratio affects affordability.

What Makes Sense Or Is It Cents?

Luckily for you, we’ve done all the grunt work and heavy lifting by creating one of the most comprehensive Rent vs. Buy Calculators to help you see if this is something that would make (dollars and) “cents”.

Our innovative calculator takes into account:

  • Town Property Taxes (Not State or County Averages)
  • PMI (Private Mortgage Insurance)
  • Income Tax Benefits

You’ll get a true apples to apples comparison of:

  • Rent vs. Mortgage Monthly Payments
  • ROI Gain or Loss When Selling

Use our Rent vs. Buy Calculator to find out if you benefit from continuing to rent or if now is the right time to buy a home.


Feel free to speak with one of our non-commissioned Home Loan Advisors to get answers to all of your questions.

Was this article helpful?

Related posts
Rent vs. buy? Our #1 Simple Comparison Calculator Will Help You Decide
August 2021
Rent vs. buy? Our #1 Simple Comparison Calculator Will Help You Decide

Should you rent vs. buy? The real estate market is hot, and interest rates are at historic lows. But you migh...

Buying a HomeFinancial Tips
10 Point Checklist: Your Ultimate House Hunt Game Plan
May 2015
10 Point Checklist: Your Ultimate House Hunt Game Plan

Eenie meenie miney mo – which house is the sure fire way to go? We totally get it – buying a...

Buying a Home
The Courier News: Michael Sema Addresses 1st Time Home Buyer Mortgage Anxiety
June 2016
The Courier News: Michael Sema Addresses 1st Time Home Buyer Mortgage Anxiety

Michael Sema addresses first time home buyer mortgage anxiety in a Courier News feature article (part of the ...

Buying a Home
Tim Waller’s The NJ Real Estate Show Interviews Get A Rate’s Nick Marenoski
December 2016
Tim Waller’s The NJ Real Estate Show Interviews Get A Rate’s Nick Marenoski

The NJ Real Estate Show, a weekly radio show hosted by real estate veteran Tim Waller, sat down with Get...

Buying a HomeFinancial Tips