Rent vs. Buy Analysis

 

Still Paying Rent?

 

Through the years your rent payments add up fast.

 

Monthly Rent

3 Years

10 Years

15 Years

30 Years

$400

$14,400

$48,000

$72,000

$144,000

$500

$18,000

$60,000

$90,000

$180,000

$600

$21,600

$72,000

$108,000

$216,000

$700

$25,200

$84,000

$126,000

$252,000

$800

$28,800

$96,000

$144,000

$288,000

$900

$32,400

$108,000

$162,000

$324,000

$1,000

$36,000

$120,000

$180,000

$360,000

$1,200

$43,200

$144,000

$216,000

$432,000

$1,500

$54,000

$180,000

$270,000

$540,000

$1,700

$61,200

$204,000

$306,000

$612,000

 

Why rent, when you may be able to buy your own home for only a bit more than you’re paying each month in rent.

 

  Check the chart above.  See how much money you could be directing toward a growing investment, which you can use to turn even more dreams into a reality in the future.

 

Begin to enjoy the personal and practical benefits of being a homeowner.  Get more information on the affordable loan programs that enable renters to become homeowners.  We can help you choose a home-financing program that fits your individual needs and budget.

 

Call today to get more information on home loans.

Becoming a homeowner may be easier than you think!

 

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