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Topics > Mathematics & Computer Science > Statistics & Probability

	Project title	Determining whether buying or renting a house is a better financial decision
	Difficulty Level	Middle school
	From the web?	Yes
	Main link	Click here to view all details of this exciting project (Cached)
Description
This project's objective is to conclude which is more economical to buy or to rent houses or apartments for different incomes. It will also determine the sufficient down payment, and the length of mortgage. Renting an apartment will probably be cheapest, followed by renting a home, buying an apartment, and buying a home should be most expensive. 15-year mortgage will most likely be cheaper than 30-year mortgage, but will only be available to higher-class homeowners. A higher down payment will almost definitely be required.
Ingredients
This idea is contained in a third-party website. To view the science fair projects, please click on the link above. Copyright in the third party website belongs to the relevant author.
Brief Instructions
[Please see third-party website for instructions]




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