SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TheStockFairy who wrote (1643)2/19/2002 6:20:59 PM
From: MulhollandDriveRead Replies (4) of 306849
 
Just did...plugged in $300,000 house $20,000 down move in 5 years ...

Renting will cost you $22,484 less than owning over the 5 years, in today's dollars.


Regarding Ownership for the 5 Years
Total Tax Savings $50,033
Total Maintenance $3,500
Selling Price $348,485
Equity Upon Sale $84,224
Selling Costs $34,849


Total Payments
Renting Owning
Principal and Interest NA $1,910
Taxes and Insurance NA $550
Mortgage Insurance NA $156

Total Monthly Payment $1,015 $2,616
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext