rentvs. buy
Why pay reNt WheN you couLd buILd eQuIty IN a hoMe.
ever thought how much you pay in rent over an extended period of time? probably a lot more than you realize. the amount you spend for rent each month could be applied to a mortgage, not only building equity in your own property, but— in most cases— substantially reducing the federal and state income taxes you pay each year. and what happens to your rent money? It’ s gone! there’ s no interest, no equity, no return.
Interest rates are still low, and you may be surprised at what you can afford. to determine your home-buying ability, call your real estate agent or lender. the consultation is free— no strings attached— so make the call today!
[ rent: your“ Investment” anD return
]
monthly |
|
|
|
|
|
your |
payment |
after 1 year |
after 3 years |
after 5 years |
after 10 years |
after 15 years |
return |
$ 400 |
4,800 |
14,400 |
24,000 |
48,000 |
72,000 |
$ 0 |
$ 500 |
6,000 |
18,000 |
30,000 |
60,000 |
90,000 |
$ 0 |
$ 600 |
7,200 |
21,600 |
36,000 |
72,000 |
108,000 |
$ 0 |
$ 700 |
8,400 |
25,200 |
42,000 |
84,000 |
126,000 |
$ 0 |
$ 800 |
9,600 |
28,800 |
48,000 |
96,000 |
144,000 |
$ 0 |
$ 900 |
10,800 |
32,400 |
54,000 |
108,000 |
162,000 |
$ 0 |
$ 1,000 |
12,000 |
36,000 |
60,000 |
120,000 |
180,000 |
$ 0 |
$ 1,100 |
13,200 |
39,600 |
66,000 |
132,000 |
198,000 |
$ 0 |
$ 1,200 |
14,400 |
43,200 |
72,000 |
144,000 |
216,000 |
$ 0 |
$ 1,300 |
15,600 |
46,800 |
78,000 |
156,000 |
234,000 |
$ 0 |
$ 1,400 |
16,800 |
50,400 |
84,000 |
168,000 |
252,000 |
$ 0 |
$ 1,500 |
18,000 |
54,000 |
90,000 |
180,000 |
270,000 |
$ 0 |
$ 1,750 |
21,000 |
63,000 |
105,000 |
210,000 |
315,000 |
$ 0 |
$ 2,000 |
24,000 |
72,000 |
120,000 |
240,000 |
360,000 |
$ 0 |
$ 2,500 |
30,000 |
90,000 |
150,000 |
300,000 |
450,000 |
$ 0 |
NoTES
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