Rent vs Own Calculator

Is it more advantageous for you to purchase a home or to continue renting?

To answer this question, you only need to compare your monthly rent to a monthly mortgage payment. This calculator will help you estimate monthly payments, taxes and other costs so that you may make the best financial choice.

The examples noted below show how large a mortgage your current rent would support with a minimum downpayment of 5%. A larger downpayment may be required depending on the property location.

Your Rent $