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Calculating Costs of Commuting

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Friday May 9, 2008
 

Commuting can save costs on a purchase of a home, but may cancel any savings by adding in the cost of the commute itself. We have provided a calculator below that can assist you in making the estimates and judgments that this decision should include. We hope you find this interesting and useful.

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Buying a home that is farther away from work may have a lower mortgage payment, but you would be surprised at how much more you'll spend by driving to work. Try comparing a house in-town to a less expensive house out-of-town & see the actual cost of commuting for yourself.
Current Cost of Fuel
$
Do You Plan to Buy or Rent?
Loan Amount of Home in Town A
$
Loan Amount of Home in Town B
$
Mortgage Interest Rate
%
Commuting Details (more info)
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