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Rent vs. Buy Calculator

Rent vs. Buy Calculator

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
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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.

A scenario cannot be generated based upon the information provided.

Try one of these and recalculate:

  • Lowering your purchase price
  • Increasing your down payment
  • Changing the loan term

Still not seeing any values? Please contact an experienced loan consultant at (800) 210-8849 to find an option that fits your unique situation.

Rent or Buy?

Buy

Buying could save you

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

Rent

Renting could save you

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