Rent vs. Own Calculator
One of the most common questions during the home buying process surrounds the benefits of renting versus owning. When buying a house and trying to understand the long-term economic impact, its important to fully consider all the variables that might make purchasing a home over renting a home a better decision. The below mortgage calculator can help you quantify the financial benefits of owning a home by taking into account various factors such as: your current rent, your potential mortgage payment, your potential homeownership costs, your potential tax savings, etc. This mortgage calculator also takes into account the potential appreciation of an owned home and factors price appreciation into the overall rent vs. own calculation. If you need any assistance interpreting the results of this mortgage calculator, please call one of our Mortgage Loan Officers at 800-724-0004.
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We want you to feel confident about purchasing or refinancing your home. Our experienced loan specialists are here to answer any questions or to address any concerns you may have. Get in touch today to lock in your custom rate or to begin the application process.