To Rent Or To Buy

Dated: 05/07/2017

Views: 45


Buying vs. Renting  

Below shows a cost comparison for a renter and a homeowner over a seven year period.

The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000

After 6 years, the homeowner's payment is lower than the renter's monthly payment

With the tax savings of homeownership, the homeowner's payment is less than the rental payment after 3 years.


Let me know how I can help you!

Rachel :)


Source: Ginnie Mae(link is external)

Latest Blog Posts

What Is Included When Buying Or Selling A Home

You’ve finally found the home of your dreams. It’s perfect, the price is right, the neighborhood is wonderful (and walkable!) and it has some really awesome appliances. But when you go to your

Read More

DEALING WITH SCRATCHED HARDWOOD FLOORS

Hardwood floors are very desirable for many homeowners, but they come with their share of challenges when it comes to cleaning, maintenance, and repairs. After a few months or years of heavy use

Read More

Baldwin County New Construction Homes Starting At 110k And Up

https://goo.gl/Qcp6z6Click the link for all new construction homes in Baldwin CountyCall Rachel for a showing 251-213-8112It does not cost a buyer to use an agent when purchasing a!

Read More

Create An Evacuation Plan For Your Pets

An evacuation plan is a necessity for every home, especially if you live in an area where fires, earthquakes, hurricanes, flooding, and other disasters are a possibility. Many homeowners create

Read More