Calculator
Rent vs. buy
Put rent next to a house, using a rate you type. Each year shows the cost if you sell at the end of that year.
The sketch shows up here after you type a rate and the other numbers.
From the numbers you typed. That sum is not a quoted payment, not an APR, and not an offer. It is not a payment First Lending Solutions offers, not a rate lock, and not a finding that you qualify. This page is not an offer of credit. Approval is required.
Questions
Do you fill in a rate or a selling cost?
No. You type the rate and the selling-cost percent. We do not fill those in.
What is the break-even year?
It is the first year, in this sketch, when the net cost of buying and then selling is lower than the rent added up. If none of the years cross, the sketch says so.
Does the chart count investment return on my cash?
No. The cash you bring is spent in the sketch. We do not credit interest you might have earned by keeping it.
Is this an offer of credit?
No. This page is not an offer of credit. Approval is required. The result is not a quoted payment, not an APR, and not a finding that you qualify.