These educational calculators set out to illustrate various mortgage-related scenarios or comparisons and should not be construed as an offer to lend.

Please refer to our formal disclaimer for more information.

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Randall Oestreich
Emerald Home Loans 

NMLS# 697202

The True Cost of Renting vs. Owning
Monthly Rent
Monthly Renter's Insurance
Home Price
Down Payment
Loan Term
Annual R.E. Taxes
Homeowner's Insurance
Annual Maintenance
Monthly MI/PMI Factor
Monthly Condo/Coop/HOA
Loan Amount =
Interest Rate

Total Monthly =
Total Monthly =
Less the following typical benefits of owning
Principal Paid
Tax Savings @
Appreciation @
True Cost =
True Cost =

Greenway Mortgage Funding Corp, NMLS#374480, 107 Tindall Rd, Middletown, NJ 07748. Licensed by the NJ Department of Banking and Insurance.CT Licensed Mortgage Correspondent Lender. Licensed Mortgage Banker NYS Dept. of Financial Services. For complete licensing information go to All offers subject to credit approval. Rates, terms and conditions subject to change. For information purposes only, not an offer to extend credit (Sec 12 CFR 1026.2 Reg Z). Equal Opportunity Lender.

The information contained in these calculators and reports is for informational purposes only. The use, presentation or receipt of this information does not constitute an offer to lend, an application, a Good Faith Estimate, or estimate of fees. Where included, interest rates are subject to change at any time and are not intended to be viewed as the current market rate. Annual Percentage Rates (APRs) can also vary at any time and are presented as approximations. APRs shown here are generally calculated conservatively and may be higher than the actual current market APR, which will be determined and disclosed upon request of a formal Good Faith Estimate or upon application for financing. Every effort has been made to assure the accuracy of the information and mathematical calculations; however, the provider makes no guarantee and maintains no liability for use of or reliance upon the results. Formulation of a scenario using these tools does not mean that the results are guaranteed. All loan products have guidelines, and those rules or tolerances will vary based upon many factors, including but not limited to loan to value ratios, income, employment history, debts, assets, creditworthiness, and underwriter's review and approval.

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