Rent or Buy Calculator
Explore the costs of renting versus owning a home, with helpful insights that consider how long you might stay in one place, the reimbursements or allowances available to you, and other factors that may affect your decision. Complete this calculator to get a clearer picture of which option could be a better fit for your situation.
Helpful Information
➤ This calculator is a self-help tool. Results are illustrative, comparing renting versus owning based on the information you enter and other common assumptions. Actual housing costs, home prices, interest rates, postings, and CAF reimbursement benefits may differ from what’s shown.
➤ This is not tax, legal, or financial advice. The results are for general guidance only. Consider speaking with a SISIP Advisor before making any housing or financial decisions.
➤ Your information is safe with us. This tool does not store personal information. Learn more about how we protect your privacy.
Home Purchase Costs
Home Ownership Costs
Home Renting Costs
Posting Details
Relocation Benefits
Closing Costs
Your Rent or Buy Summary
Renting may be the better option if your monthly rent is less than $Y per month. With a mortgage of $Y , the monthly payments would be the same as your rental payments. If you choose to rent, you can invest the money you have available for a downpayment. Check out SISIP's Savings Goal Calculator to see how your money can grow.
Buying Costs
Initial Costs $ NN, NNN
Recurring Costs $ NN, NNN
Renting Costs
Initial Costs $ NN, NNN
Recurring Costs $ NN, NNN
Rent or Buy
Ready to take the next step?
Helpful Information
➤ This calculator is a self-help tool. Results are illustrative, comparing renting versus owning based on the information you enter and other common assumptions. Actual housing costs, home prices, interest rates, postings, and CAF reimbursement benefits may differ from what’s shown.
➤ This is not tax, legal, or financial advice. The results are for general guidance only. Consider speaking with a SISIP Advisor before making any housing or financial decisions.
➤ Your information is safe with us. This tool does not store personal information. Learn more about how we protect your privacy.