Before you buy that cheaper home that's $75,000 less expensive because it's 25 miles away vs. a home only 5 miles away, be sure to try out this calculator. Your mortgage payment might be less, but by the time you pay the commuting expenses associated with that "cheaper home", you'll end up paying more than if you just bought the more expensive home. In addition, commuting expenses aren't a tax writeoff. Interest payments on a more expensive home are. Check out the cost of commuting to downtown from Suburban Cook, Lake and McHenry Counties, Barrington, Lincolnshire, Vernon Hills, Long Grove or anywhere in the United States.
How much are you spending on your commute to work? Whether moving, considering a new job, weighing the benefits of tele-commuting, or just curious what you're spending given the current cost of gas, you'll probably be interested to see how expensive simply getting to work actually is.
It's more expensive than you think!
It's more expensive than you think!
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