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Buy vs. Rent

For many, home ownership is not only a great source of pride, but can mean significant tax savings and even reduction in monthly payments depending on your interest rate and home loan specifications. Is home ownership the right path for you? Use our calculator to analyze the total cost to rent versus the total cost to own for a specific period of time.

Note: Select the appropriate box to estimate taxes and insurance; not all calculated values are displayed; home appreciation and rent increases may vary by area.

Rental Information

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Property Information

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Loan Information

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*Analyze the total cost to rent versus the total cost to own.

These calculations are only estimates and can only be used to evaluate the possible results of consolidating certain debts into an equity loan. Refinancing or taking out a home equity loan or line of credit may increase the total number of monthly payments and the total amount paid when comparing to your current situation. Please consult your tax advisor for information on the deductibility if interest for tax purposes.

To qualify for a home loan with us you must meet one of the following criteria:

  1. Already be a Member with us.
  2. Meet one of the eligibility requirements for Membership.
    1. Be a school employee at an eligible school in California (Teachers, Administrators, Classified Staff, District Employees, Department of Education Employees, and Government-Sponsored Education Program Employees).
    2. Retiree receiving a pension or annuity from an eligible school.
    3. An immediate family member of an existing Schools Financial Member.

If you are unsure if you meet one of the criteria above and would like to speak to a representative please call our Member Contact Center at 916-569-5473.

If you meet one of the eligibility criteria above, please press continue to apply.

To qualify for a home loan with us you must be eligible for Membership. Please select an option below to continue.

  • Choose an item.

If you are unsure if you meet one of the criteria above and would like to speak to a representative please call our Member Contact Center at 916-569-5473.

Please press exit to be taken back to our Mortgage Homepage.