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Tools & Resources

  

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.

Your Results

Gross Cost of Renting Gross Cost of Renting
Gross Cost of Buying Gross Cost of Buying
Principal + Interest
Property Taxes Property Taxes Response
Homeowners Insurance Homeowners Insurance Response
PMI PMI Response
Down Payment
Closing Costs Closing Costs Response
Net Cost of Buying Net Cost of Buying Response
Home Appreciation Home Appreciation Response
Principal Paid Principal Paid Response

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

Buying

This is based upon the values you provided and planning to reside in the rented home for year(s).

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Ready to Buy or Refinance?

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