My Investing Notebook :: Learning from the pros; making decisions on my own. ::

If you were wondering what it would be like to own rather than to pay your apartment rent, I’ve got a tool that will do the calculations for you: “Rent Versus Own Calculator.” It will only take a little information from you (the obvious: rent, price of the house, mortgage rate, and down payment), and it will spill out the results — like monthly payments, tax savings, overall savings, and more — for you. Pretty neat and it might open your eyes a little bit.

See it for yourself. I’m a little reluctant to buy a house (mainly because of the high prices), but I think if I find a good deal, I must just go ahead and do that. It seems you actually can save a lot by doing that.

This calculator comes from eLoan.com — they have more useful info about loans & stuff.