Rent to Mortgage Calculator
Educational calculators — always consult a licensed professional before making financial decisions.
Your rent
What you pay now, from your lease. It is treated as the principal-and-interest payment you could carry instead.
Use a lender quote or this week's 30-year fixed average. A higher rate means less loan — and less home — for the same payment.
Use current 30-year fixed rates as a baseline.
Longer term = larger home price but more interest over time.
Lowest monthly payment, which supports the highest home price on your budget. Most buyers start here.
Your rent carries a loan of $385,447
The share of the price you'd pay in cash. It is added on top of the loan your rent supports.
Equivalent home price (P&I only)
$481,808
Assuming 20% down at 6.75% for 30 years
Remember: Owning costs more than just the mortgage
Property taxes (~1.2%), insurance (~0.5%), and maintenance (~1%) add roughly 2.7% of home value per year. The "Max with Taxes & Insurance" figure above accounts for this.
This converts your rent to equivalent P&I only. Actual qualification depends on your income, credit score, and debt. Consult a licensed mortgage professional.
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Rent to Mortgage Calculator is built and maintained by the RealCostIQ editorial team. Cost ranges and rates are checked against published industry data and contractor quotes, and revised when the underlying figures move. Read our data methodology or more about who builds this. Every calculation runs in your browser — no account, and none of your inputs are stored.
Cost ranges and rates here are checked against contractor quotes and published industry data. If a number still looks off, email Support@RealCostIQ.com and we'll review and fix it.