BUY vs. RENT
Comparison
Purchase Example* - 3 Bedroom, 2 Bath Home or Condo
Assuming 10% down, 30yrs., @ 5.25% Interest
Purchase Price $135,000.00
Mo. Principal & Interest Paymt. 671.00
Est. Mo. Taxes/Ins./ & Mort. Ins. 351.00
Total Est. Monthly Paymt. $ 1,022.00
Less: Rents Paid to You Monthly
(based on 2 rooms rented @ $450 / room) (900.00)
Your Est. Remaining Monthly Paymt. $ 122.00
Your Est. Monthly Savings on Rent $ 328.00 ($450/mo. - $122)
Your Est. 5 yr. Savings on Rent $ 19,680.00 ($328/mo.x 60mo.)
Estimated Equity Calculation:
Est. Market Value Inc. in 5 yrs. (1.5%/yr.)** $ 10,125.00
Plus: Down Paymt. & Principal Paid in 5 years. 23,038.00
Less: Your Est. Portion of Rent ($122 x 60mo.) (7,320.00)
Total Est.Equity Gained in 5 years $ 25,843.00
Compare that to Paying Rent for 5 years:
$450.00 / month X 60 months = $ 27,000.00 !!!
RENT = Y M T D F ( Your Money That Disappears Forever )!!!
CONTACT US TODAY ! LET US SHOW YOU HOW TO TURN THAT RENT INTO EQUITY!!
* This Purchase Example is an estimate only & is based on the numbers used in this example. Borrower’s actual numbers may vary and will be determined by borrower’s individual circumstances and other credit criteria.
** The market value increase shown is an estimate only based on historical data and it is not given to predict and/or guarantee any future increase or decline in values.
NOW IS THE TIME
TO MAKE THE INVESTMENT !!!
1. HISTORIC LOW INTEREST RATES !!
2. AFFORDABLE PRICES !!
3. MANY PROPERTIES to choose from !!