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OWN VS. RENT

When You Own Your Home, You're in Charge!

Enjoy the pride and security of owning your own home. 

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Have the confidence of knowing what you will be paying each month. 

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As a bonus, when your home values rise, you build equity in your home. 

Own vs. Rent Example

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Own

 

$295,680

Total Paid Over 10 Years

Gain a savings of $69,784 when you own versus rent.

Plus, when home values rise, you build equity in your home.

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Rent

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$365,464

Total Paid Over 10 Years

The national average rent for a single-family house is currently $2,018 per month. With a projected increase of 8.86% per year, after 10 years, your rent would increase to $4,332 per month. This means that after 10 years, your total rent paid would be  $365,464.

 

For example, for a loan amount of $411,000, 30-year fixed rate loan at 6% (6.075% APR) with Loan-to-Value of 97%, your monthly payment will be $2,464*. In 10 years, your payment will remain $2,464 per month, and the total paid on your home loan would be $295,680. That is a savings of $69,784. 

Eight Benefits of Owning Your Home

  1. Count on a consistent monthly home loan payment

  2. Your Payment remains the same with fixed-rate loans

  3. Pay your own mortgage not your landlord's

  4. Build equity when home values rise

  5. Avoid annual (or more frequent) rent increases 

  6. Avoid termination of your lease 

  7. Gain tax advantages of owning a home

  8. You can refinance when rates go down 

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​Owning a Home is a solid, long-term investment in your future. 

Suburban House
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Town Square Mortgage

17300 Dallas Parkway
Suite 1030
Dallas, TX 75248
info@tsmlending.com
(972) 292-7600

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Copyright© 2024. All Rights Reserved. Equal Housing Lender. Town Square Mortgage, a DBA of American Portfolio Mortgage Corporation. NMLS ID 175656. 2401 Plum Grove Road, Suite 202, Palatine, IL  20067. Licensed by Alabama State Banking Department,  Consumer Credit License #23212. Expires 12/31/2024. Licensed by Arizona Department of Insurance and Financial Institutions, Mortgage Banker License #0920153. Expires 12/31/2024. Licensed by Arkansas Securities Department, Combination Mortgage Banker-Broker-Servicer License, #109676. Expires 12/31/2024. Licensed by Colorado Department of Regulatory Agencies Division of Real Estate, Mortgage Company Registration. Expires 12/24/2024. Licensed by Delaware Office of the State Bank Commissioner, Lender License #0299047. Expires 12/31/2024.  Licensed by District of Columbia Consumer Services Division, Mortgage Dual Authority License #MLB175656. Expires 12/31/2024. Licensed by Florida Office of Financial Regulation, Mortgage Lender License #MLD836. Expires 12/31/2024. Licensed by Georgia Department of Banking and Finance, Mortgage Lender License/Registration #34260. Expires 12/31/2024. Licensed by Idaho Department of Finance, Mortgage Broker/Lender License #MBL-2080175656. Expires 12/31/2024. Licensed by Illinois Department of Financial and Professional Regulation,  Residential Mortgage License #MB.0005608. Expires 12/31/2024. Licensed by Iowa Division of Banking, Mortgage Banker License #2012-0015. Expires 12/31/2024.  Licensed by Kansas State Bank Commissioner, Mortgage Company License #MC.0025217. Expires 12/31/2024. Licensed by Kentucky Department of Financial Institutions, Mortgage Company License #MC81341. Expires 12/31/2024. Licensed by Louisiana Office of Financial Institutions, Residential Mortgage Lending License. Expires 12/31/2024. Licensed by Maine Department of Professional and Financial Regulation, Consumer Credit Protection, Supervised Lender License. Expires 12/31/2024. Licensed by Maryland Office of Financial Regulation, Department of Labor, Mortgage Lender License #175656. Expires 12/31/2024. Licensed by Michigan Department of Insurance and Financial Services, 1st Mortgage Broker/Lender/Servicer Registrant #FR0020630. Expires 12/31/2024. Licensed by Minnesota Commerce Department, Residential Mortgage Originator License #MN-MO-175656. Expires 12/31/2024. Licensed by Mississippi Department of Banking & Consumer Finance, Mortgage Lender License #175656. Licensed by Missouri Division of Finance, Mortgage Company License #175656. Expires 12/31/2024. Licensed by Nebraska Department of Banking and Finance, Mortgage Banker License. Expires 12/31/2024. Licensed by Nevada Department of Business & Industry Division of Mortgage Lending, Mortgage Company License #4553. Expires 12/31/2024. Licensed by New Hampshire banking Department, Mortgage Banker License #23322-MB. Expires 12/31/2024. Licensed by North Carolina Office of the Commissioner of Banks, Mortgage Lender License #L-158767. Expires 12/31/2024. Licensed by Ohio Department of Commerce, Residential Mortgage Lending Act Certificate of Registration #RM.850217.000. Expires 12/31/2024. Licensed by Oklahoma Department of Consumer Credit, Mortgage Lender License #ML016634. Expires 12/31/2024. Licensed by Oregon Department of Consumer and Business Services, Mortgage Lending License #ML – 5460. Expires 12/31/2024. Licensed by Commonwealth of Pennsylvania Department of Banking and Securities, Mortgage Lender License #105845, and Mortgage Servicer License #105846. Expires 12/31/2024. Licensed by Tennessee Department of Financial Institutions, Mortgage License #112482. Expires 12/31/2024. Licensed by Texas Department of Savings and Mortgage Lending, Mortgage Banker Registration. Expires 12/31/2024. Licensed by Commonwealth Virginia State Corporation Commission, Lender License and Broker License #MC-5808. Expires 12/31/2024.  Licensed by West Virginia Division of Financial Institutions, Mortgage Lender License #ML-175656 and Mortgage Broker License #MB-175656. Expires 12/31/2024.  Licensed by Wisconsin Department of Financial Institutions, Mortgage Banker License #175656BA. Information About You and Your Visits to the Website Expires 12/31/2024.

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