Tower Federal Credit Union

Own Your Home and Save Money

Depending on your circumstances, your monthly mortgage payments—including taxes, insurance, HOA/condo fee—could be less than paying rent. Here's an example of a recent home for sale.

Mortgage vs Rent - Monthly Payment
Monthly Mortgage Payment: $1473.46 (PITIA)

Monthly Rent: $1799*

Located in Glen Burnie, Md.



Payment example: Based on 3.875% rate as of Feb. 11, 2016. Loan amount of $254,900, 100% 30-year fixed at 3.875% with an APR of 4.419%. The $1473.46 payment is comprised of $1198.63 principle and interest, estimated monthly taxes $229.83, estimated monthly homeowner's insurance of $45. PMI required.
*Obtained from MRIS system.
If interested, contact the sale agent: Chuck Blanton

Are you better off buying?

If you have a home property in mind, Tower can help you get the facts before
making a decision. Your answers to a few simple questions will help you find
the "after-tax" net cost of owning a house versus renting a house.

When you're ready to buy your own home, come to Tower first.
Search, sell, buy and save with Tower's HomeAdvantage program.

© 2017 Tower Federal Credit Union. All Rights Reserved.
Equal Housing Lender.
NMLS #586147