Chesterfield Federal Credit Union - Chesterfield, VA

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Buying Vs. Renting

Use this calculator to determine if you can save money by purchasing a house rather than renting.

If you are interested in speaking with a loan officer about buying a house, please contact our Members Mortgage Solutions loan officer, Tracy Marks, at tmarks@memberssolutions.com or by phone at 804-433-1532.

Monthly Rent ($)	Annual Rent Increase (%)
Monthly Renter's Insurance ($)

Purchase Price ($)	Interest Rate (%)
Appraised Value ($)	Loan Points (%)
House's Appreciation Rate (%)	Other Loan Costs ($)
Savings Rate (%)	Yearly Property Taxes ($)
Your State + Federal Tax Rate (%)	Yearly House Maintenance ($)
Years Before Sell / Pay Off Loan	Yearly Homeowner's Insurance ($)
Loan Amount ($)	Selling Costs (% of Selling Price)
Term In Years

When you click calculate, you will leave Chesterfield Federal Credit Union's website. CFCU does not provide, endorse, is not responsible for, the product, service, or overall website content available at a third party site. CFCU's privacy and security policies do not apply to linked websites and you should consult the privacy disclosure on that site for further information.

You can visit Members Mortgage Solutions website for more information on their products and services by clicking "Return To Homepage" on the calculations page.

These calculators are provided by Members Mortgage Solutions for research purposes and should only be considered an estimate.

Mortgage calculators provided by:

Chesterfield Federal Credit Union's Phishing Education Page