Should I Rent or Buy? (Part 1 of 2)

Should I Rent or Buy? 

Most renters have enough income to buy a home, 

but don’t know it. For various rent levels, this chart 

shows the home price the renter could afford without 

paying more than their current rent, after tax deductions 

are figured in. The chart assumes that they don’t have 

large debts and that they have a 10% down payment.

Monthly               Purchase             Mortgage            Monthly Tax

Rent                      Price of Home   Payment              Savings

$800                       $168,000              $1,110                   $310 

$1,000                   $210,000              $1,390                   $390 

$1,200                   $255,000              $1,670                   $470 

$1,400                   $295,000              $1,950                   $550 

$1,600                   $335,000              $2,200                   $600 

$1,800                   $375,000              $2,500                   $700 

$2,000                   $420,000              $2,750                   $750 

Buying or Selling Real Estate in: Aventura, Hallandale Beach, Hollywood FL, Sunny Isles Beach?

Should I Rent or Buy? (Part 1 of 2)

Should I Rent or Buy? (Part 2 of 2)