Buying Versus Renting Your Home Calculator

Is it better to buy or rent your home? That partly depends on how you feel about home ownership. Do you want to be responsible (but have control) for all the upkeep? Or do you not want to be bothered, and would prefer to rent and maybe free up money for other priorities? If you are a renter now, its nice to know what you could afford if you bought. Using the mortgage calculator below, you can type in what you pay now in rent, and what mortgage rate you’d expect. Click ‘calculate’ an you can see an estimate how much of a mortgage you could afford!

Monthly Rental Payments: $
Mortgage Rate %

Monthly rental payments would pay a mortgage of: