Veridian vs. Renting:

When you pay rent, you build equity in your landlord's property. When you pay a mortgage, you build equity in your own property. It's that simple. What's more, you can deduct your mortgage interest and property tax payments on your income tax return, saving you even more. To help you evaluate the financial benefits of homeownership, we've done some of the work for you. The figures shown in our chart represent a typical situation in the Madison area. Of course, we can't guarantee them because lenders' charges vary, as do interest rates, personal taxes, property taxes, insurance and appreciation. The figures are only meant to act as guides.