Rent vs Buy Calculator

Compare the monthly cost of renting against owning a home.

Current monthly rent$3,200

Home price you'd buy$750,000

Down payment15%$112,500

Interest rate6.250%

Est. monthly cost to own

$4,860/mo

Monthly rent today$3,200

Owning costs more by$1,660

Owning builds equity over time, which this simple view doesn’t capture. A full picture includes taxes and appreciation.

For illustration only. Not a loan offer, approval, or rate lock. Actual terms depend on your full application and underwriting. NMLS #362311.

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