Disclaimer

RentOrOwn is an educational calculator. Nothing on this site constitutes financial, legal, investment, or tax advice. The results are estimates based on the inputs you provide and mathematical assumptions about the future.

Before making any major financial decision — including buying or renting a home — you should consult with qualified professionals including a licensed financial advisor, mortgage professional, real estate attorney, and tax advisor who can evaluate your specific situation.

We make reasonable efforts to ensure the calculations are mathematically correct, but we make no warranty of accuracy, completeness, or fitness for any particular purpose. Actual costs will differ from estimates.

Your actual mortgage payment, interest rate, property taxes, insurance costs, and all other figures should be obtained from your lender's official Loan Estimate document, which lenders are legally required to provide.