Rent to Buy Calculator
If you are tired of renting and want to know if you can afford to buy your own home, you may be surprised how much house you can afford. For example, if you are paying $1500 a month on rent you could be able to buy a home that sells for $236,833. This is based on a 30 year conventional home loan with an interest rate of 4.5%, and that includes an estimate of taxes and insurance as part of your payment. In most cases, you would be able to purchase a larger, more updated home than the one you are currently renting.
Find out how much home you can afford based on your current rent payment below!