Rent vs. Buy Calculator
Buy
Buying could save youThis is based upon the values you provided and planning to reside in the purchased home for year(s).
Rent
Renting could save youThis is based upon the values you provided and planning to reside in the rented home for year(s).
Your Results
- Cost of Renting
-
Gross Cost of Buying
- Principal + Interest
- Property Taxes
- Homeowners Insurance
- PMI
- Down Payment
- Closing Costs
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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 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 to find an option that fits your unique situation.
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First-time homebuyer? Experienced homeowner? Ready to buy an investment property, second home or dream home? Looking for a better home loan? Need cash? We’ll help you get it done.