Rent vs. Own Calculator

Deciding between renting or buying a home takes careful thought and planning, including having a grasp on the benefits of each option. Depending on where you are on your financial journey, either option can be a great fit.

Factors to consider as you think through your decision about renting or owning include whether you are a single or double income family, the access you have to savings for a down payment, and how much you can afford to pay on rent or a mortgage each month.

When using our calculators, remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates are for illustrative and educational purposes only.