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.

Current Monthly Rent information

Yearly Rent Increase information

Price Of Home information

Loan Amount information

Loan Term

INTEREST RATE information

Property Taxes information

Homeowners Insurance information

Years of Residence information

Annual Appreciation information

Your Results

Gross Cost of Renting information

Gross Cost of Buying information

Principal + Interest

Property Taxes information

Homeowners Insurance information

PMI

Down Payment

Closing Costs information

Net Cost of Buying information

Home Appreciation information

Principal Paid information

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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) 210-8849 for more accurate and detailed information.