Rent vs. Own Worksheet
Compare the estimated costs of buying vs. renting a home
Use to help you decide if you should purchase a home or continue to rent. Results are determined by a side-by-side comparison of estimated savings on monthly payments and value accrued through ownership over time.
If you have decided to purchase a home and have selected a type of mortgage, you can use the Payment/Amortization Calculator to estimate your monthly payment and number of installments necessary to pay off your loan.