I got tired of renting, and I looked it up, I realized I'm paying the equivalent of a $300k property for a standard 30-year mortgage in rent. And a $300k house is much nicer than my apartment.

I saw a $50k condo down the road from me. It looks not quite as good as my current apartment. Getting a mortgage for something like that is much better than renting, right?

  • spectre [he/him]
    ·
    3 years ago

    If anyone is in a position to think about mortgages, then this is a handy tool. Throw the green/yellow/red "recommendation zone" completely in the trash and just use the slider to see where you land when you set the monthly payment to a comfortable amount of course, bit it can give some perspective on how things might pencil out when you're ready to make a move.