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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.
The online calculator is provided for illustrative purposes only, and the information obtained by using the online calculator is not, and should not be taken as, legal or financial advice to any person or company. Results may vary depending on the accuracy and comprehensiveness of the information you provide while using the online calculator. The online calculator is not substitute for consulting a qualified professional. Coastal Federal Credit Union accepts no liability for any losses or liabilities allegedly arising from the use of the online calculator by any person or company.
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