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| Home > Home Purchase > Buying vs. Renting |
| Buying vs. Renting |
Good Reasons to Buy Home
Tax savings.
You may earn significant tax savings because you can deduct mortgage interest and property taxes from your federal income tax and many states' income tax if you itemize your deductions.
A more stable monthly housing expense.
Your monthly housing loan or mortgage expense can remain the same for the life of your mortgage, depending on the type of loan you choose.
Equity.
You may build equity in your home over the life of your loan, which allows you to plan for future goals like your child's education or your retirement.
You can use our Buy vs. Rent Tool to compare the financial costs and benefits over time of buying vs. renting a home.
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This simple mortgage payment calculator allows you to estimate mortgage payments for any fixed rate loan. Complete the following fields and click the Calculate button to find out your mortgage payment.
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