Michael TavaresLoan Officer
NMLS ID #1760380Full Application
"Let Michael get you home!"
Michael uses FM Home Loans extensive mortgage lending resources and experience to provide his clients with great rates, fast pre-approvals, superior customer service and hassle-free closings. As a loan officer with FM Home Loans, Michael is dedicated to building lasting relationships with realtors by providing their buyers with effective purchasing solutions and real time communication.
Direct: (203) 454-7312
Cell: (203) 561-8637
Licensed States: CT, NY
FM HOME LOANS - MANHATTAN BRANCH
145 East 57th Street, 6th Floor
New York, NY 10022
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.