Buying a home is always a great thing, but “now” isn’t always the right time to do it. This calculator helps you understand if renting or buying makes more sense for your situation.
Please note that all Mr. Cooper calculators are for informational purposes only. The results displayed are only estimates based on the information you provide and cannot be used to determine actual loan terms or costs. The results are not a quote, price, guideline, or estimate for any Mr. Cooper product. The calculations provided should not be construed as financial, legal or tax advice. Your use of this calculator and any calculations provided do not impose any legal obligations on Mr. Cooper. In addition, such information should not be relied upon as the only source of information to make financial decisions. Calculators are supplied by LeadFusion.
By refinancing your existing mortgage, your total finance charges may be higher over the life of the loan.