RENT VS. OWN
RENT VS. OWN
OPEN THE DOOR TO HOME OWNERSHIP
Rent Vs. Own
The rent you accumulate over a period of time could be going to building equity in a home that’s completely yours. The chart below indicates the sizable amount of money you might be wasting.
RENT ACCUMULATION CHART
| RENT | 10 YEARS | 15 YEARS | 20 YEARS | 25 YEARS | 30 YEARS |
|---|---|---|---|---|---|
| $2,000 | $240,000 | $360,000 | $480,000 | $600,000 | $720,000 |
| $2,200 | $264,000 | $396,000 | $528,000 | $660,000 | $792,000 |
| $2,400 | $288,000 | $432,000 | $576,000 | $720,000 | $864,000 |
| $2,600 | $312,000 | $468,000 | $624,000 | $780,000 | $936,000 |
| $2,800 | $336,000 | $504,000 | $672,000 | $840,000 | $1,008,000 |
| $3,000 | $360,000 | $540,000 | $720,000 | $900,000 | $1,080,000 |
RENT
- No interest payment deductions.
- No equity is built.
- Subject to 30-60 days of termination.
- Want to personalize your home?
You may need approval first. - Potential rent increases.
VS.
OWN
- Potential fixed mortgage payments.
- The value on your home will probably increase.
Capitalize on this and build equity. - Tax benefits to owning.
- Make your house a home.
No prior approval needed!
Stop paying rent and start investing in your future!
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