Skip To Content

Less to Own

Less to own than to rent. Projections based 3% appreciation, $350,000 sales price with 10% down payment and a 305%, 30-year mortgage.

RentOwn
$2,500Rent/Payment$2,232
-0-Principal Reduction$504
-0-Appreciation$875
-0-Est. Monthly Maintenance$300
-0-Estimatd HOA$25
$2,500Net Cost of Housing$1,178

The payment could easily be less than the rent for a comparable home but factoring in the principal reduction and appreciation makes it much less.

Trackback from your site.

Leave a Reply

*
*