A Division of American Pacific Mortgage Corporation NMLS 1850

Renting Vs. Buying

Saving Money on Housing and Building Equity?

It’s Possible, We Checked.

Let’s See How You Could Save $210+/Month While Building Equity

Many families are looking to save money anywhere they can. With the HomeReady program, we can help interested home buyers get access to low-down payment options without breaking the bank on PMI. In fact, HomeReady PMI is lower than Conventional and FHA loans for the same LTV. 

Let’s look at a specific example of two properties within 2 miles of each other located in Tumwater, Washington.

4 Bedroom, 3 Bathroom, 2,200 sq.ft.

Monthly Rent: $2,250 vs. Monthly Mortgage: $2,039.52

Savings: $2,525.76+ Per Year!

The Breakdown:


$2,250/Month Increasing 3% Per Year
Five Years of Rent Payments: $143,347


Purchase Price: $299,950
Down Payment: $9,000 (3%)
Loan Amount: $290,950

Five Years of Mortgage Payments: $122,375

Money Saved on Monthly Payments Over Five Years: $20,972

Equity Growth From Loan Paydown: $25,968 ($34,968-$9000 Down)

Total Savings: $46,940

Buying a Home and Building Equity Doesn’t Have to be Difficult! We Can Help Save You Money!

Call Us Today Or Click to Have a Lender Call You!


Tumwater, WA for comp’s ($299,950), HomeReady 30-Year Fixed Rate Mortgage
Rate: 4.625%; APR: 5.385%. Rates Available as of 4/25/2018. Income Qualifications apply. 700 FICO score used for qualifying. Mortgage payment includes taxes assessed for 2019 and estimated insurance.

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equal housing© 2018 American Pacific Mortgage Corporation. All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied. Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply. Equal Housing Opportunity.