Estimate based on local averages and assumptions they may not apply to you and are provided for information purpose only.
Qualify
Mortgage Payment
Estimated Rent
More info
1
5
10
15
20
25
30
Estimate based on local averages and assumptions they may not apply to you and are provided for information purpose only.
Ok, so what does this mean?
Break even, buy gain, rent gain...? Don't worry we'll explain everything you'll need to know so you can make the decision that works best for you.
Break Even
In this Rent vs Buy calculator we compare the total cost of buying vesus the total cost of renting, over a period of time. The "Break Even" point is the time it will take for the costs of buying a home to become even with the costs of renting a home.
Rent Gain
The "Gain" we use is the Buy Costs versus the Rent Costs. If Rent Costs are less for your chosen period of time, then it's a better deal for you to rent for that time frame. Or, a Rent Gain. The higher the Rent Gain amount, the more you are saving over buying.
Buy Gain
If the Buy Costs are less for the chosen period of time then it is a better option to buy. Or, a Buy Gain. The higher the Buy Gain amount, the more you are saving over renting.
Want to learn more about the benefits of buying?
Rates and fees provided by Fidelity National Title. Powered by PalmAgent
