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Some people know they want to own a house. Others aren’t interested in taking on all that responsibility. Then there are the undecideds, who should consider many financial factors. If you choose an apartment or other rental property, consider the likelihood of rent increases and factor in renter’s insurance premiums. If you decide to buy, you might benefit if housing values go up, but you also have property taxes to ponder. This calculator can help you weigh the overall costs of renting and home ownership so you can make an informed financial choice.
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