Rent vs Buy Mortgage Calculator

Our Rent vs Buy calculator allows you to look at two different aspects of buying a new home. First you can see how much you can afford based upon what you are currently paying in rent, but also you can use industry standards and use up to 38% of your gross income.

By using the 38% of your gross income (before taxes, also combine any co-borrowers like a spouse) you can see how much most lenders will allow you to borrow. To find out the low rates for new buyers receive up to four free California mortgage rate quotes for a low rate.

NOTE: The rent vs buy calculator assumes a 30 year fixed rate loan, which of course will carry a much higher payment. However, our lenders specialize in financing like 5 year ARM's with much lower rates and even interest only payments that allow you to afford MUCH more home for the money. Want to know how much you qualify for? California home loans