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Rent vs. Purchasing

Knowledge is power, this we know.

  Purchase Rent
Purchase Price/Rent $279,900 $3,000/month
Rate 4.00% --
Term 30 Year 1 Year
Loan Amount $279,900 --
Down Payment/Security Deposit $8,500 $3,000
Principal & Interest $1,336 --
Tax/Insurance $338 --
Total Monthly Payment $1,674 $3,000
Total Payment After 3 Years $60,264 $108,000

Equity after 3 years
(assuming 3% appreciation)

$25,954.28 $0

One thing many people don’t know – talking to you, apartment renters – is that you can actually afford a home. When all is said and done, it is quite possible for renters to be homeowners.

Purchasing Advantages Renting Disadvantages
Property builds equity No tax benefits or equity gains
Tax deduction of mortgage interest No control over rent increases

The benefits are obvious. Now that you’re in the know, it’s time for you to take the next step. Give me a call and let’s talk about how we can work together to get you from “renter” to “homeowner.”

Copyright © 2017, Metropolitan Regional Information Systems, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MRIS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ReMax 100 does not display the entire MLS database on this website. The listings of some real estate brokerage firms have been excluded. This site will be monitored for 'scraping' and any use of search facilities of data on the site other than by a consumer looking to purchase real estate, is prohibited. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated 2017-08-20 13:45:29.

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Connie Lord | Ron Lord
22845 Washington St. E. 
Leonardtown MD 20650

Connie Cell: 701-389-8869
Ron Cell: 301-904-1076
Connie Email: lord.connie@yahoo.com     
Ron Email: ronlord@verizon.net

Ron Lord "The Tie Dye Guy" | Serving Southern Maryland | 301-904-1076