Renting VS Buying Calculator

As housing markets continue to grow more competitive in major cities across the U.S., more young adults are opting to rent rather than buy. Our rent vs. buy calculator will help you determine whether renting is a better deal than buying—and vice versa. The decision depends on many factors, including the time you expect to stay in your new home, rent and home appreciation rates, the rate you earn on savings, taxes, and maintenance costs.

Next Steps

Fifth Third can help you reach your dream of homeownership. Learn about mortgage basics and our Home Possible and Home Ready Loans. Questions? Schedule an appointment, talk to a mortgage loan specialist, or give us a call at 1-866-351-5353.

Additional Resources

5 Steps for First Time Home Buyers

Purchasing your first home should be an enjoyable process. Follow these steps on how to buy your first home and see first time home buyer loan options.

Residential Home Buying Guide

Considering buying a home? Check out Fifth Third Bank's residential home buying guide which helps you provide the information you need to make the right decision.

Real Estate Agents Answer: What's The Biggest Mistake That Buyers Make?

Navigating the real estate market can be tough. It’s only natural that some people are going to make missteps.