Rent vs Own Calculator
A rent vs own calculator can show you an estimate of your current costs in comparison to monthly costs as a homeowner, including the long-term effects on your budget. Will you ultimately save money over the course of a 30-year mortgage or do you need to save up for a larger down payment first?
If you’ve plugged in your estimated costs and determined that buying a home is the next logical step for your family, SouthState has many first-time homebuyer resources. You can find a mortgage banker in your community to begin the process of choosing a loan that fits your family. What do I need to know as a first-time homebuyer? Find Homebuyer 101 resources here.