Not only does owning a home give you a haven for yourself and your family, it makes great financial sense, too.
 
This calculation assumes a 28 percent income tax bracket. If your bracket is higher, your savings will be, too.
 
Rent: _________________________
 
Multiplier: X       1.32
 
Mortgage payment: __________________
 
Because of tax deductions, you can make a mortgage payment-including taxes and insurance-that is approximately one-third larger than your current rent payment and end up with the same amount of income.