Russ Schreier NMLS #219800 Point Mortgage Vice President Sales russ@pointmtg.com Cell: 858.945.6790 2421 Fenton Street Suite A Chula Vista, CA 91914 https://www.pointmtg.com/russschreier/ Powered By MBS Highway Buying $800,000 vs. Renting New Home (San Diego County, CA) Estimated Cashflow Buying Yr1 Rent Yr1 Rent Yr9 Monthly P & I $4,880 $4,500 $8,329 Prop. Tax / Ins. $1,203 $61 $113 Maint. & Repairs $333 $0 $0 Monthly Exp. $6,415 $4,561 $8,442 Total Cashflow $697,252 $680,916 Interest Rate 6.500% APR 7.577% Annual Rental Increase 8.000%* $6,415 $4,561 $4,926 $5,320 $5,746 $6,205 $6,702 $7,238 $7,817 $8,442 Years Cashflow Difference $-16,336 Appreciation Gain $468,411 Starting Home Value: $800,000 Historical Appreciation (Avg./Yr): 5.25% Estimated Value After 9 Years: $1,268,411 Amortization Gain $102,064 Original Loan Amount: $772,000 Remaining Principal Balance: $669,936 Cost To Sell $76,105 Real Estate Commission: 6% Based on $1,268,411 Future Value after 9 Years Tax Benefit $54,340 Standard Deduction $27,700 in 24% Tax Bracket Benefit Above Standard Deduction after 9 Years Net Gain by Buying a Home $504,864 $-43,164 $-3,960 $42,588 $96,853 $159,391 $230,798 $311,712 $402,822 $618,631 $504,864 Initial Closing Costs -$27,510 Appreciation Gain $468,411 Cashflow Difference -$16,336 Amortization Gain $102,064 Cost To Sell -$76,105 Tax Benefit $54,340 PointMortgageCorporationislicensedbytheDepartmentofFinancialProtectionandInnovationundertheCaliforniaResidentialMortgageLendingAct.2421FentonStreet,SuiteA,ChulaVista,CA91914.NMLSID#231073(www.pointmtg.com).+1619.475.4095.PointMortgage CorporationandColdwellBankerWestareaffiliatedcompanieswithcommonownershipandanyotherrealestatecompaniesshowcasedarenotaffiliatednorsharecommonownership.Youarefreetoshoparoundforthebestpriceandarenotobligatedtousetheservicesofoneor theother.Someproductsandservicesmaynotbeavailableinallstates.Creditandcollateralaresubjecttoapproval.Termsandconditionsapply.Programs,rates,terms,andconditionsaresubjecttochangeandaresubjecttoborrower(s)qualification.Thisisnotacommitmenttolend. Loan and monthly payment buying scenarios used for informational purposes only and may not be specific to your situation. Rates expressed may not be available at this time. This document should not be construed as investment or mortgage advice or a commitment to lend. Your results may vary. There are no guarantees, promises, representations and/or assurances concerning the level of accuracy you may experience. For actual and current terms and rate information, please contact your lender directly. APR of 7.577% assumes a 6.5% simple fixed interest rate assuming $201,390 in fees included in APR. Monthly principal and interest payment based on a fully amortizing fixed interest loan of $772,000 with 360 monthly payments at the assumed simple interest rate (Current as of 3/22/2023). *Lender is not a tax consultation firm. Please seek advice from a tax professional.Source: MBS Highway, Zillow Economic Data. Monthly expenses may or may not include condominium or HOA fees, if applicable; your payment may be greater. 1 / 1