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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