Rent vs. Own Calculator
While purchasing a home is often the better option, there are times (depending upon how long you intend to live in a particular area) when renting may be a better choice. The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home. This calculator helps you determine what may be best for you.
Enter your inputs into the white boxes. Complete Steps 1 – 4, then click Calculate to generate your customized results.
The calculated results are intended for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your personal situation. Be sure to consult a financial professional with your unique scenario concerning all of your financing options prior to relying on these results.