ARE YOU RENTING?
DID YOU KNOW? THE RENT YOU PAY... COULD BUILD EQUITY WHEN YOU OWN REAL ESTATE!
Using this chart, find your per month rental payment and you can determine how much money you are "giving away" in rent and interest over 10, 20, or 30 years.....Money which could be used to build equity in your own real estate. (Based on 10% APR)
| PER MONTH | 10 YEARS | 15 YEARS | 20 YEARS | 25 YEARS | 30YEARS |
| $700 | $143,391 | $290,129 | $531,558 | $928,783 | $1,582,341 |
| $750 | $153,634 | $310,853 | $569,527 | $995,125 | $1,695,366 |
| $800 | $163,876 | $331,576 | $607,495 | $1,601,467 | $1,808,390 |
| $850 | $174,118 | $352,280 | $645,464 | $1,127,808 | $1,921,415 |
| $900 | $184,360 | $373,023 | $683,432 | $1,194,150 | $2,034,439 |
| $1,000 | $194,603 | $393,369 | $759,369 | $1,326,833 | $2,260,488 |
| $1,100 | $225,329 | $455,917 | $835,306 | $1,459,517 | $2,486,537 |
| $1,200 | $245,814 | $497,364 | $911,242 | $1,592,200 | $2,712,585 |
| $1,300 | $266,298 | $538,811 | $987,179 | $1,724,883 | $2,938,634 |
| $1,400 | $286,783 | $580,259 | $1,063,116 | $1,857,567 | $3,164,683 |
| $1,500 | $307,267 | $621,705 | $1,139,053 | $1,990,250 | $3,390,731 |
| $1,600 | $327,752 | $663,152 | $1,214,990 | $2,122,933 | $3,313,780 |
| $1,700 | $348,236 | $704,599 | $1,290,927 | $2,255,616 | $3,842,828 |
When you buy, not only are you acquiring equity in your property, you are also saving money by reducing your yearly income taxes.
(Under construction - February 6, 2005)
DOWNLOAD THE RENTvsBUY MANUAL (pdf format)
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