*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.
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Rent vs. Own Calculator
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 :
Term :
Rate :
Years you plan to stay in home :
Benefit of Owning:
Savings when you Rent
Savings when you OWN
Rent saved:
$
Appreciation rate:
3%
5%
Mortgage interest rate:
4.375 %
Closing cost:
$ 0.00
Equity in home:
$ 0.00
Loss of interest on down payment:
$ 0.00
Total mortgage payment:
$ 0.00
Income tax Benefit:
$ 0.00
Total:
$ 0.00
$ 0.00
Benefit of OWNING:
$ 0.00
Disclosure:
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 info@geomtg.com
