Your new mortgage payment might save you money!!!
Here's how:
Purchasing a $100,000 home with 5% down payment
vs Monthly Rent of $725.00
2br/2bath, 800 s.f. 3br/2bath, 1300 s.f.
Annual Annual
Rent ($725.00) $8,700 Mortgage ($830/mo) $9,960
Tax deductions: (28%) Tax deductions: (28%)
Interest 0 Interest 1,908
Property Tax 0 Property Tax 750
Net Cost after Tax $8,700 Net Cost after Tax $7,302
 |
|
|
OUR HOME TEAM is a group of dedicated professionals with many years of experience in the Real Estate business. Our mission is to deliver personalized service and exceed expectations.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
