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RENT VS OWN CALCULATOR

Rent Vs. Own Calculator

Calculate the difference between renting and buying a home.

Default amounts are hypothetical and may not apply to your individual situation. This calculator provides approximations for informational purposes only. Actual results will be provided by your lender and will likely vary depending on your eligibility and current market rates.

Results

Should you Rent or Own?

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Average Monthly Payment Savings

$0.00

Estimated Total Gain

$0.00
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NMLS

SouthPoint Home Mortgage is a division of SouthPoint Financial Credit Union.
Federally Insured by NCUA.  |  Equal Housing Lender

All rates are subject to change. All rates quoted are listed in percent.
Payment Examples:
Mortgage Loan: $100,000 borrowed for 360 months (30 years) with an APR of 6.00% would have a monthly payment of $599.55. The payment example does not include amounts for taxes and insurance premium, if applicable, and that the actual payment obligation will be greater. The terms listed are the maximum term available for qualified borrowers.

*APR = Annual Percentage Rate **Interest rates are subject to change based on the type of loan, the collateral, loan to value, borrower’s credit history, account relationship, and automatic payments. Rates disclosed are the lowest rates available at SouthPoint Home Mortgage. Other conditions may apply.

924 Main Street East, Sleepy Eye, MN 56085

877-636-5346    |    www.southpointhomemortgage.com

NMLS

SouthPoint Home Mortgage is a division of SouthPoint Financial Credit Union.
Federally Insured by NCUA.  |  Equal Housing Lender

All rates are subject to change. All rates quoted are listed in percent.
Payment Examples:
Mortgage Loan: $100,000 borrowed for 360 months (30 years) with an APR of 6.00% would have a monthly payment of $599.55. The payment example does not include amounts for taxes and insurance premium, if applicable, and that the actual payment obligation will be greater. The terms listed are the maximum term available for qualified borrowers.

*APR = Annual Percentage Rate **Interest rates are subject to change based on the type of loan, the collateral, loan to value, borrower’s credit history, account relationship, and automatic payments. Rates disclosed are the lowest rates available at SouthPoint Home Mortgage. Other conditions may apply.