RENT VS. OWN CALCULATOR
When it comes to deciding what will be better financially, you can’t just go with your gut. This calculator will take you through a cost comparison between owning and renting a property. Run the numbers, and guide your client accordingly.
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Rent = Mortgage Payments
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Rent = Total Payments
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Rent Spent
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|---|---|---|---|
| Maximum Purchase Price: | Monthly Rent: | ||
| Improvements: | Rent spent over the entire mortgage: | ||
| Mortgage Insurance: | |||
| Down Payment: | |||
| Mortgage Balance: | |||
| Mortgage Payment: | |||
| Income Required: | |||
| Total Monthly Payment (mortgage payment+tax+condo fee) |
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Rent = Mortgage
Payments |
|
|---|---|
| Maximum Purchase Price: | |
| Improvements: | |
| Mortgage Insurance: | |
| Down Payment: | |
| Mortgage Balance: | |
| Mortgage Payment: | |
| Income Required: | |
| Total Monthly Payment (mortgage payment+tax+condo fee) |
|
|
Rent = Total
Payments |
|
|---|---|
| Maximum Purchase Price: | |
| Improvements: | |
| Mortgage Insurance: | |
| Down Payment: | |
| Mortgage Balance: | |
| Mortgage Payment: | |
| Income Required: | |
| Total Monthly Payment (mortgage payment+tax+condo fee) |
|
|
Rent Spent
|
|
|---|---|
| Maximum Purchase Price: | Monthly Rent: |
| Improvements: | Rent spent over the entire mortgage: |
Terms & Conditions apply | Based on approved credit | Based on estimates | E.&O.E.
Mortgage Payment
The mortgage payment calculator will let you know what you’re likely to be in for each month. Let this be your guide to working your finances the way you want to.
Debt Coverage Ratio
The debt coverage ratio calculator can help you ensure that your overall monthly debt and home expenses can be covered by your total monthly income. Use it as your guide.
Maximum Purchase Price
Your home dream is important to us. Let’s calculate your maximum purchase price to get you on the right track.
Bridge Loan
You’re starting a new chapter, but your old home hasn’t said its final goodbye yet. Our bridge loan calculator can guide your planning so that you’re ready to let go.
Rent VS Own
Is it more affordable to rent or own the property? Run the numbers with this calculator to be sure.
Closing Cost
Don’t let the unknown be your barrier in getting mortgage free faster. The closing costs calculator can help you plan.
