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Should you rent or buy your home?

Should you rent or buy your home?
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Many people don't have much money right now. But everyone needs a place to live. You might think that renting is cheaper than buying.

But is it really? It depends on a number of factors. And those can be a hassle to work out.

That's where today's Cool Site comes in. It's a simple tool for calculating long-term costs. No personal data or sign-up is required.

You simply enter information like the home's price, how long you plan on staying there, mortgage details, tax rates for your area and closing costs, and the calculator gives you a monthly price. If you can rent a similar home for less than the price it shows you, renting is the better option.

Just click the blue link below to try it out, and let us know what you think of this handy tool in the comments below.

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