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Rent vs Buy

Started by sammy13
over 13 years ago
Posts: 0
Member since: Jan 2013
Discussion about
well not really......I am currently in contract to sell my condo and I will be looking for a rental (1 yr lease) as I look to buy a new apartment. My question is what should my monthly rent be to stay cost neutral for the year with regards to taxes? I have a mortgage of about $148k @5.875%, home equity loan of $44k @7.9%, common costs are $1600/month. All totals to about $3500/month. Is there a general rule that anybody knows about?
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