Our Clover Mortgage Rent Vs Buy Calculator can help you determine which option makes the most sense to you.
If you continue to rent based on this information, at this rate you will spend $0,00 in rent over a period of 12 years.
On the other hand, if you were to purchase a home, your monthly mortgage payment will be $0,00. Over a period of 10 years, your mortgage will cost you a total of $0,00 in combination of principal and interest payments, and you will have $0,00 in home equity which includes your original down payment amount, but does not take into account potential growth in the value of your home over the years.
*Enter your email to send the report
I agree to receive correspondence from Clover Mortgage Inc.
By submitting this form you agree to allow Clover Mortgage Inc. to use and disclose any information collected through this form and through subsequent correspondences in accordance with our Privacy Policy, and as deemed necessary by Clover Mortgage Inc., to process your mortgage request and application to the best of our abilities. This includes, but is not limited to, sharing your personal information with Clover Mortgage Inc. employees, subcontractors, and third party affiliates for the purposes of processing your mortgage request and application.
You Mortgage Story
If you bellive in the status quo, then you can continue to rent. The statusquo will come at a cost to you of $0 over a period of 10 years.
On the other hand, if you were to purchase a home for your monthly mortgage payment will be $0.
Over a period of 10 years, your mortgage will cost you a total of $0 and build you a home equity of $0.