*updated as of quoted rates reflect good credit scores with a 20% down payment on $160,000 home - offer may terminate at any time without notice - rate and annual percentage rate calculated on a 365 day year with typical/normal closing costs, Rates/APRs subject to change with closing costs - properties and applicants must quality - other restrictions may apply.
To estimate the benefits of owning a home as opposed to renting, fill in the form below and click the Calculate button.
Current rent payment :
Proposed home purchase price :
Money available for down payment :
Years you plan to stay in home :
Benefit of Owning:
Savings when you Rent
Savings when you OWN
Mortgage interest rate:
Equity in home:
Loss of interest on down payment:
Total mortgage payment:
Income tax Benefit:
Benefit of OWNING:
Please note that the comparison above is only an estimate. For a more detailed analysis of the benefits of home ownership, please feel free to contact us at (956) 728-8700 or firstname.lastname@example.org