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September 7, 2008
 
  Own vs. Rent

This calculator allows you to compare the advantages and disadvantages of owning vs. renting a home. Fill in the following information and click the Calculate button for results. To obtain a loan, you must go through the application process.
Current rent:
Purchase price of home:
Down Payment (percentage):
Interest rate:
Length of loan term (years)
How many years do you plan to stay in this home?
Annual property tax rate:
Annual appreciation of home:
Tab From Field to Field to Calculate
Results
Rent Own
  Total interest paid:
  Total property taxes paid:
  Total tax savings:
  Total monthly payments:
  Average monthly payment:
  Appreciation of home:
  Savings (down payment amount invested at 10%)
  Total Cost:
Note: This calculator is intended for informational purposes only and Teamazon is not responsible for any errors in calculations. This calculator is only a guide. In the interest of simplicity, certain conservative assumptions about rent increases, closing costs, and other factors have been made.

    3 EASY Steps to Getting Your Loan

      STEP 1. Complete our easy step by step prequalification form by telling us about yourself, about your home, and the amount that you request. GET STARTED TODAY! No Cost. No Obligation.

      STEP 2. Once you have submitted your application. You will be assigned a personal loan consultant who will be your single point of contact for the entire process, all the way through closing.

      STEP 3. Once your loan is approved, you will be notified by us within 24 to 48 hours.

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*Rates are subject to change without notice. Loan application subject to credit and underwriting guide lines. Each case and situation is unique therefore your rates may vary depnding on different variables.
**APR may vary depending on term and amount. Rates are subject to change without notice. Loan application subject to credit and underwriting guide lines. Each case and situation is unique therefore your rates may vary depnding on different variables.