Note: Select the appropriate box to estimate taxes and insurance; not all calculated values are displayed; home appreciation and rent increases may vary by area.

For many, home ownership is not only a great source of pride, but can mean significant tax savings and even reduction in monthly payments depending on your interest rate and home loan specifications.

Is home ownership the right path for you? Use our calculator to analyze the total cost to rent versus the total cost to own for a specific period of time.