Prepared by Pawel Augustynski
National Rosen Realty
Number of years to compare: 1
Concerning Rent:
Rent Amount Per Month: $ 1,800.00
Monthly Renterโs Insurance: $ 50.00
Concerning Home Ownership:
Purchase Price: $ 300,000
Loan Amount: $ 260,000
Interest Rate: 3.5%
Number of Years: 30
Annual Property Taxes: $ 6,000.00
Annual Maintenance Cost: $ 500.00
Annual Homeowners Insurance: $ 750.00
Results
Total Rent Per Month: $ 1850,00
Total Rent Cost: $ 22,200.00
Monthly Principal & Interest: $ 1,729.52
House Total: $ 21,254.19
Selling Price: $ 300,000
Equity at the Time of Sale: $ 44,989.73
Money Saved through Home Ownership: $ 4,989.73
Notes: This data is for informational purposes only and accuracy of the figures are not guaranteed. These figures represent typical cost. Actual cost with respect to each transaction will vary depending upon the circumstances.