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Contact us for any questions you might have! We are here for you!

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Mailing Address

VITEK Mortgage Group
Corporate Office

3 Parkcenter Drive
2nd Floor
Sacramento, Ca 95825
Toll Free: (800) 570-5300

Language of your Mortgage Loan Originator:

Customer Login - Coming soon!

You will be able to log in for up-to-the-minute updates on your loan in process and easily submit needed documentation to us to help ensure a faster transaction for you. This new state-of- the-art communication system will also support our efforts toward complete paperless transactions and helps us further our Think Green initiatives!

Loan Calculators

Rent vs. Buy

This calculator can help you make the final decision.

Input Information
Current Rent Information
Monthly Rent : ($)
Projected Annual Rent Increase : (%)
Purchase Property Information
Home Value : ($)
Estimated Annual Maintenance : ($)
Estimated Annual Appreciation : (%)
Years Before Sell : (Yrs)
Cost to Sell : (%)
Loan Information
Amount : ($)
Interest Rate : (%)
Length : (Yrs)
Points : (%)
Taxes and Insurance Information
Your Combined Income Tax Rate : (%)
Annual Property Tax :
Annual HomeOwner Insurance :
Annual PMI :

Email (Required) :   
Your Financial Analysis (Understanding your Calculation)
  Rent Buy
Taxes and Insurance : $0.00 $22,500.00
Total PMI : $0.00 $7,750.00
Total Maintenance : $0.00 $4,500.00
Total Payments : $51,996.70 $115,273.24
Average Monthly Payment : $866.61 $1,921.22
Monthly Rent Savings : $1,054.61
Tax Savings : $0.00 $4,550.00
Total Rent Savings : $58,726.55
House Appreciation Value : $364,995.87
Proceeds Minus Costs : $339,446.16
Loan Balance : $229,571.83
Equity Appreciation : $109,874.33
Home Purchase Benefits : $51,147.78
Understanding your Calculation (Switch to your Financial Analysis)

Is it financially better to buy a home or to rent? The answer to this question depends upon how much the home costs, how much you are paying for rent, and how much you will have to pay each year in order to maintain your home.

If you were to pay $800.00 per month, for example, and the average rental payment increase was 4.000%, you would pay $51,996.70 in a 5 year period toward rent. If you purchased a home and borrowed $250,000.00 with a 5.000% interest rate, and you paid $900.00 every year toward its maintenance, you would pay $115,273.24 in a 5 year period toward mortgage payments if your Federal tax rate is 26.000%, you pay $3,000.00 in taxes each year and your annual insurance rate is $1,500.00.

When you consider your tax benefits and the appreciation of your home, however, you will actually SAVE money by purchasing a home. If your home shows an annual appreciation of 4.000% and your selling cost is 7.000%, your house appreciation value will be $364,995.87. As a result, your total home purchase benefit will amount to $51,147.78.