Home·ology Sell It or Rent It Out Calculator

See what makes the most sense when it comes to either selling your house and using the equity towards your new home or keeping the current home as a rental and using the cash flow towards the new house to off-set the payment.

Follow the money in both directions and see what makes the most sense to you!

Property inputs

Property address Optional

Keep as a rental

Current monthly mortgage payment $ Use the full payment, including taxes and insurance when applicable. Estimated monthly market rent $ Monthly garbage / sewer $ Monthly lawn service $ Monthly pest service $

Monthly property management

Other monthly owner costs $ Add non-escrowed taxes, insurance, HOA, utilities, or other costs here. Rental-income credit used for DTI (%) % Your lender may only count part of the monthly rent when qualifying you for the new home. This calculator compares that countable rent with your current mortgage to estimate whether keeping the home could add to your debt-to-income ratio (DTI). A 75% credit is common, but rules vary by lender, loan program, documentation, and rental history.

Optional vacancy and maintenance reserves

Add conservative monthly reserves without changing the worksheet's default math.

Vacancy reserve % of rent Maintenance reserve % of rent

Sell and use the equity

Current estimated value $ Remaining loan balance $

Estimated selling costs

Estimated interest rate on the next home 6.50%

Used to estimate how much the monthly principal-and-interest payment could decrease if the available equity is applied to a new 30-year loan. Taxes, insurance, mortgage insurance, and lender pricing are not included.

Live comparison

Rental profit $330 Estimated monthly cash flow

Payment reduction $190 30-year P&I estimate

Total monthly rental carrying costMortgage plus every owner-paid monthly cost entered$2,670

Rent a lender may count toward DTIGross monthly rent × rental-income credit entered$2,250

Current mortgage surplus / shortfallCountable rent − current monthly mortgage payment+$150

Estimated selling costsFlat amount or percentage entered$30,000

Estimated true equityValue − loan balance − selling costs$30,000

Keeping this home may not increase your DTI

The lender-counted rent in this illustration covers the current mortgage payment. Your lender will make the final determination.

The numbers currently favor

Keep as a rental

By approximately $140/month based on the assumptions entered.

Illustrative estimate only. Confirm lender treatment, market rent, insurance, taxes, selling costs, reserves, and management assumptions.

Before making your decision

The numbers are not the whole decision.

Use this checklist to make sure the most important details are confirmed before deciding whether to sell or keep your current home as a rental.

Your expected market rent is supported by current rental comps Your lender has confirmed how rental income will affect qualification for the new home You have reviewed landlord insurance, taxes, HOA rules, and local rental requirements You have considered vacancy, repairs, larger future expenses, and the cash reserves you may need Your estimated sale proceeds and any tax questions have been reviewed with the appropriate professionals

Important reminder

This calculator helps you compare the two paths. It does not replace your lender's qualification analysis, a property manager's rent opinion, a seller net sheet, or tax and legal advice.

This estimate is only the starting point

Want help deciding whether to sell or rent out your current home?

A Homeology agent can help you review rental demand, expected expenses, estimated sale proceeds, and how each option may affect the purchase of your next home.

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Home·ology Sell It or Rent It Out Calculator

Follow the money in both directions and see what makes the most sense to you!

Want help deciding whether to sell or rent out your current home?

CONNECT WITH US ON SOCIAL MEDIA

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