Rent vs Buy Calculator

Below is a rent vs buy calculator published by NYTimes.com. For Austin, TX we would suggest the following average variables to best utilize the rent vs buy calculator:

Down Payment: FHA = 3.5% or Conventional has options for 5%, 10% or 20% down.
Mortgage Rate: Currently around 5.25%. Property Taxes: 2.35%.
Annual Home Price Appreciation: average 4% according to the Austin Board of Realtors. Annual rent increase/decrease: 3%

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