Rent vs. Buy Calculator
There are financial differences between renting a place to live versus owning a home. A mortgage payment is just one piece of the equation. A Rent vs Buy calculator helps you see what the estimated costs would be when evaluating your decision to buy versus renting. The calculator below is a tool and should be used for information purposes only. If you are not certain what to enter in a field, leave the displayed value in place.
Contact a lender to determine exact qualification guidelines, down payment requirements, etc.