Real estate blog entries tagged with renting vs owning in schaumburgvil by John Ziemba (Keller Williams Team Realty)

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Home : Blogs : John Ziemba : John Ziemba's Blog : Tag "renting vs owning in schaumburgvil"

renting vs owning in schaumburgvil: Is It Really Cheaper To Rent or Buy in Schaumburg, IL? - 08/18/11 01:18 PM

Recently there has been a lot of talk and articles written that it is cheaper to buy rather than rent. I decided to due an anlysis to find out if this still holds true in Schaumburg, IL. I searched the MLS and found 5 properties that were condo or townhome properties that were labeled for rent or sale.
For my assumptions I assumed financing with an FHA Mortgage that requires 3.5% down. I assumed the mortgage rate would be 4.75% on a 30 year fixed mortage. Current market conditions may make the actual interest rate lower and some of the … (0 comments)

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John Ziemba

Schaumburg, IL

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Keller Williams Team Realty

Address: 800 E. Northwest Highway, Palatine, IL, 60067

Office Phone: (847) 241-2200

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