Mortgage Loans
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Finding solutions for your Mortgage Loan needs!
AR Mortgage & Taxes, LLC
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Would you like to apply for a mortgage?
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Buying Vs Renting a Home
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Buy |
Rent |
| Purchase price/Rent |
$176,000.00 |
$1,250.00/month |
| Rate |
4.75 |
- |
| APR |
4.877% |
- |
| Term |
30 year |
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| Loan Amount |
$167,200.00 |
0 |
| Down Payment |
$8,800.00 |
$1,875.00 |
| P&I |
$872.19 |
- |
| Tax/Insurance* |
$377.81 |
- |
| Total monthly payment |
$1,250.00 |
$1,250.00 |
| Total payment after 3 years |
$45,000 |
$45,000 |
| Equity after 3 years |
$17,628.08 |
0 |
*taxes and insurance will vary with each loan
Purchasing Advantages:
- Ownership may build equity
- Tax deduction of Mortgage interest
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Renting Disadvantages:
- No tax benefits or equity gains
- No control over rent increases
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