When considering if renting is a better option than buying, it’s best to compare the numbers on a long-term scale. While renting may seem
a good temporary option, buying a home is a better financial decision in most cases. The current lack of rentals in many areas, as well as
the increase in market rents has made buying even more attractive. See what option makes sense for you.
Benefits of a home purchase:
- Tax deductions
- Builds equity
- Increases your future borrowing power
Desired monthly rent
Years you would live there
Desired mortgage amount
Disclaimer: This calculator is provided for educational and informational purposes only. You should not take any action on the basis of
the information provided through this calculator. It relies on assumptions and information provided by you regarding your goals,
expectations and financial situation. All figures are hypothetical and may not be accurate indicators of historical or current
performance. Past performance does not guarantee nor indicate future results. This calculator does not take into account individual
circumstances and should not be relied upon in any way as the sole source of information. Please consult with financial, tax, and legal
advisers for any advice relating to your personal circumstances. This service shall not infer that the company assumes any fiduciary duties.
Relocating in these times can be stressful and challenging. Help and guidance from a friendly GMS professional that goes
above-and-beyond is the difference between a relocation gone wrong and one that is remarkable. Below are some comments
showcasing GMS' high-touch level of customer satisfaction.
Jennifer is very kind and skillful. Very helpful during the pandemic.
Jen was a big help through this whole process. Being relocated is a stressful event. Being relocated during a global pandemic is even more stressful. She was a big help to find what we needed to help move.
Joyce was personable, very helpful, and I never had to wait or wonder if she would respond. A very pleasant and helpful person through a challenging time.