Joseph ShapiroVP / Senior Underwriting Director
"Let Joseph get you home!"
One of the initial key employees of FM Home Loans, Joseph is the secret ingredient that has enabled the company to grow and thrive over the past 25 plus years. Legendary for establishing structure and processes, Joseph has transformed the underwriting, processing and post-closing departments into well-oiled machines that have superbly adapted to the ever changing technological and complex demands of the mortgage industry. Joseph maintains an excellent reputation throughout the industry and is a much sought after source for his knowledge and expertise.
Speed, Clarity, Building Structure, Underwriting Expertise and Responsivety
Direct: (718) 906-6104
Fax: (718) 906-5004
Rent Vs. Own
Compare the estimated costs of buying vs. renting a home.
|Home Purchase Price:|
|Mortgage Interest Rate:|
|Should you rent or own?|
|Average monthly payment increase if owning:|
|Estimated total gain over 7 years if owning:|
|Initial Rent Payment|
|PMI (Mortgage Insurance)|
|Before Tax Monthly Payment|
|Annual Home Maintenance|
|Total Payments Over 7 Years|
|Total Tax Savings Over 7 Years|
|Average After Tax Monthly Payment|
|Estimated Home Selling Price|
|Estimated Cost to Sell|
|Down Payment & Initial Closing Costs With Unearned Interest|
|Investment Gain of Owning vs. Renting|
|Total Payment Savings of Owning vs. Renting|
|Total Payment Savings of Renting vs. Owning|
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.