Premier Bank Logo
Automatic Payments for the 2021 Child Tax Credit program will begin in July. To learn more login to Online Banking.
Premier Bank Logo
Log into Online Banking
New to Online Banking?
Log into Online Banking
New to Online Banking?
Log into your Wealth account

Should I Rent or Buy?

Should I Rent or Buy?

Depending on how fast prices and rents rise and how long you stay in your home, you may be better off renting rather than buying. Factors that are part of the equation are the difference in monthly rent versus mortgage payment, home value appreciation, annual rent increases, the interest rate you will pay on your loan, your marginal tax rate and the yield you might receive on savings. When looking at these factors, consider the present value of each option. The one with the lower present value will be the better financial choice.

Mortgage Loans

Whether you’re building, buying or improving a home, Premier Bank can offer you a mortgage that fits your needs.

Apply for this loan today Learn more about our Mortgage Loans
This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect Premier Bank product terms. The information cannot be used by Premier Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Fintactix and are not associated, controlled by or under the control of Premier Bank, its affiliates or subsidiaries. Premier Bank is not responsible for the content, results, or the accuracy of information.