Rising Costs Of Commuting!

Planning to buy a home? Where should you buy it? Should you buy close to work, or buy a home which may be a little further out where homes are a less expensive? You could find a home just minutes from your employer for one price, but you find that you can get 25% to 33% more home by commuting 20 to 40 minutes to work. Although getting 30% more bang for the buck for your mortgage payment might seem attractive, you may not enjoy the savings you originally planned, in fact, it may actually cost you more! If gasoline prices continue at the current pace, you may find that you are not saving money buy buying farther away and commuting.

Check out the calculator below to see just how much you are actually saving by buying a home that is, say, 20 miles farther than a more expensive home that is 5 minutes from work.