The monthly amount your buyers pay could add up over several years to be the price of their dream house, if not more!
Buy
vs.
Rent
Purchase/Rental Cost
$176,000
vs.
$1250/mo
Rate
4.75%
vs.
APR
4.877%
vs.
Term
30 year fixed
vs.
Loan Amount
$167,200
vs.
$0
Down Payment
$8,800
vs.
$1875
P&I
$872.19
vs.
Tax/Insuraunce (will vary with each loan)
$377.81
vs.
Total Monthly Payment
$1,250
vs.
$1250
Total Payment after 3 years
$45,000
vs.
$45,000
Equity after 3 years
$176,000
vs.
$0
PURCHASING ADVANTAGES:
- Ownership may build equity
- Tax deduction of mortgage interest
RENTING DISADVANTAGES:
- No tax benefits or equity gains
- No control over rent increases
With historically low rates and options to accommodate your scenario, now is the best time to purchase a new home!
STILL NOT SURE IT’S RIGHT FOR YOU?
CALL
1.855.DISCOUNT
LIVE CHAT
WITH A LOAN OFFICER
WHY CHOOSE US?
- Our coordinated team can get your loan processed faster than the competition – guaranteed
- Our personable and extremely knowledgeable loan officers will walk you through your first homebuying experience so smoothly, your worries will be left behind
