Rent vs Buy
If you rent your home now and are considering buying, determine if it makes financial sense with our rent vs. buy calculator. Enter in details about your current monthly rent and the home you’d like to buy and find out which option makes sense for you.
Please note that these estimates do not include all applicable fees, and as a result, your actual fees may be higher. For a more accurate estimate, call (800) 449-9536 to speak with an experienced loan officer today.
Your Results
Gross Cost of Renting
Gross Cost of Buying
Principal + Interest
Property Taxes
Homeowners Insurance
PMI
Down Payment
Closing Costs
Net Cost of Buying
Home Appreciation
Principal Paid
Results are based solely on the information you have provided; product may not be available for all terms entered. These calculations are provided for illustrative purposes only. If mortgage insurance payment is listed, illustrative payment is based upon a conforming fixed loan for owner occupied, 1 unit dwelling for a borrower with a credit score greater than 760. This is not a credit decision or a commitment to lend. Please contact an experienced loan consultant at (800) 449-9536 for more accurate and detailed information.
Recommend: Buy
Buying could save you
This is based upon the values you provided and planning to reside in the rented home for year(s).
