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Renting💸 vs Buying 🏠

The following is an approximate breakdown of 3 monthly rent scenarios, created by the mortgage division of William Raveis, that translates into a home purchase amount.   I hope these are eye-opening for your buying potential!




Scenarioro 1:

$5,000 in rent per month =

PURCHASE OF $1,000,000.00

Loan of $800,000 @ 4.125% (APR 4.214%) = PITI (Principal, Interest, Taxes, Insurance) of $3,877.19 a month

Taxes ($1,000), Insurance ($125.00) = TOTAL PAYMENT of $5,002.19

LESS TAX DEDCUTIONS / Add HOA (Home Owners Association) fee and it's nearly equal

  👉Search for homes for $1M and up HERE!


Scenario 2:

$3,500 in rent per month

PURCHASE OF $750,000

Loan of $600,000 @ 4.125% = PITI of $2,907.89 a month

Taxes ($742), Insurance ($93.00) = TOTAL PAYMENT of $3,743.83

LESS TAX DEDUCTIONS / Add condo fee, if applicable and it's nearly equal.

 👉 Search for homes between $750,000-$1,000,000 HERE!


Scenario 3:

$2,500 in rent per month =

PURCHASE OF $450,000

Loan of $360,000 @ 4.125% = PITI of $1744.73 a month

Taxes ($550), Insurance ($70.83) = TOTAL PAYMENT of $2,365.56

▪️ Please note Raveis Mortgage has room for PMI and higher loan amount with smaller down payment..

LESS TAX DEDUCTIONS / Add Condo fee and it's nearly equal. 

 👉 Search for homes between $450,000-$750,000 HERE!


 It is truly stunning to see what you could actually OWN in the city if you were to put your money toward a mortgage rather than helping pay someone else's. In Boston, the larger rental buildings put a HUGE premium on their rents due to the amenities they offer - most of which never even get used. From a mere investment standpoint, I am BEGGING you to please sit back and think how you are spending the money you work every day to earn. That money could be used toward owning the home of your dreams and allow you to build equity in one of the strongest housing markets in the world. Make your money work for you rather than just throwing it away. Sadly, I am a renter myself, so I can feel your pain. Together, let's stop putting more money into the hands of corporate CEOs and wealthy real estate developers and start using it in a way to better our own futures. 

If you have questions on how to take your first step toward owning your own home, please don't hesitate to shoot me a message.  We work closely with some of the best mortgage lenders, real estate attorneys, insurance agents, and financial advisors that the city has to offer. I'd be happy to put you in touch with whoever you may need to get the questions you have answered. If you work in the city and would like to chat about the process over a cup of coffee I'd be more than happy to lend an ear and pass on my knowledge of the market. I encourage you to take a look through our website and get to know me and my team. We'd love to work with you on this journey and land you the home of your dreams!

To schedule a free buyer consultation, either over the phone or in person, simply fill out this form online. CONSULTATION FORM  


Have some free time this weekend? Get out and experience the housing market first-hand by visiting some open houses. If you see a property you love and would prefer a private showing, just ask!

All of the open houses in Greater Boston in one place.. 👇

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