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Rent vs. Buy Calculator

Tired of paying rent? Becoming a homeowner has many benefits, including knowing your scheduled monthly payments, building your equity, and a tax deduction* on the interest you pay. Owning a home also comes with additional financial responsibilities like paying taxes and insurance. But those are commonly included in your monthly payment. Use this calculator to see if becoming a homeowner can fit your budget. Then contact a NOVA Loan Officer to learn about the types of loans that best match your financial situation.

*NOVA does not provide tax advice. Contact your tax professional to discuss tax benefits.

Monthly Rent

Price Of Home

Interest Rate

Years planning to stay in home?
Loan Amount

Yearly Rent Increase

Annual Property Tax
Loan Term

Annual Homeowners Insurance

Annual Home Appreciation

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First-time homebuyer? Experienced homeowner? Ready to buy an investment property, second home or dream home? Looking for a better home loan? Need cash? We’ll help you get it done.