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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.

-0-Principal Reduction$504
-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.

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