Rent vs. Buy Calculator

Am I better off renting or owning? This calculator will show you the financial differences between the two.
$   Current Rent
  % Est. tax bracket
$   Purchase Price
  % Down Payment
  % Interest Rate
    Mortgage Term (Years)
    Your Monthly Payment
$   Yearly Taxes?
$   Yearly Insurance?
    Total PITI
    How long will you own (typ. 7 yrs)
$   This is your rent over the period
$   This is mortgage over the period

Contact Information

Mike Hawkins & James Harvey
Service First Realty Group
1714 S. 1100 E.
Salt Lake City, UT, 84105
Office: 801-467-7007
Cell: 801-467-7007
Fax: 801-467-7914
support@utahhometeam.com
www.UtahHomeTeam.com
rules for FHA loans | Print |

Rules for a FHA Loan?

The U.S. Dept. of Housing and Urban Development offers a variety of loan insurance programs through the Federal Housing Administration, which requires approximately 3 to 4 percent cash down. There are no income requirements to qualify for a FHA mortgage. Other advantages are that FHA loans do not contain prepayment penalties and in some cases they are assumable by qualified purchasers.

FHA loan limits vary, depending on the county where the property is located. FHA loans are originated and serviced by private lenders.
FHA does not lend money. The mortgage is made by a bank, savings and loan, mortgage company or other FHA-approved lender. In addition, FHA does not set the rates and points. The lender determines these, so it is best to shop around by calling several FHA-approved lenders.


Questions about Salt Lake City, UT Real Estate?

Ask us below or Call us Now at 801-467-7007
Last Updated ( Wednesday, 30 July 2008 )
 
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