WARNING! RENTING IS HAZARDOUS TO YOUR WEALTH.
Pass this on to your potential clients...
WARNING!
RENTING IS HAZARDOUS TO YOUR WEALTH.
RENT PER =AFTER =AFTER =AFTER Use the chart to see
MONTH 3 YEARS 4 YEARS 5 YEARS how much money
$700 $25,200 $33,600 $42,000 year while you still own
$800 $28,800 $38,400 $48,000
$900 $32,400 $43,200 $54,000 someone else?
$1000 $36,000 $48,000 $60,000
$1100 $39,600 $52,800 $66,000
$1200 $43,200 $57,600 $72,000
(Example)
139,000 Purchase price
- FHA 3 ½% Down Payment 4.90 Rate = $737.71 Principal & Interest payment
- Conventional Loan 5% Down Payment 4.90 Rate = $700.82 P & I
- Conventional Loan 10% Down Payment 4.90 Rate = $663.94 P & I
- Conventional Loan 20% Down Payment 4.90 Rate = $590.17 P & I