Estimate your monthly mortgage payments, including principal, interest, taxes, and insurance. See how different loan amounts, interest rates, and terms affect your budget.
Find out how much home you can afford based on your income, debts, and down payment. Plan your purchase with confidence by understanding your financial limits.
Estimate the closing costs you’ll need to pay when purchasing a home. Get a breakdown of expenses like lender fees, title insurance, and property taxes.
Should you rent or buy your next home? Our Rent vs. Buy Calculator helps you compare the long-term financial impact of both options. Input your monthly rent, home price, down payment, interest rate, loan term, and years for comparison to get personalized insights.
The calculator assumes:
Renters experience a 5% annual increase in rent.
Homeowners benefit from a 3% annual property appreciation and build equity as the mortgage is paid down.
Costs like mortgage payments are calculated based on your loan details, but property taxes, insurance, and maintenance are excluded for simplicity.
Discover the total cost of renting versus buying and the potential equity you could build as a homeowner. Use our tool to make an informed, data-driven decision tailored to your unique situation.