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Hendersonville Tn Real Estate, Stop Renting and Get Prequalified to Buy Your Dream Home.
Move From Renting to Owning your own Home. You may be able to own a home for not much more than you're paying in rent. Check the chart below to see how quickly rent payments can add up. Maybe it's time for you to invest that money in something that lasts like a home of their your own.1
Monthly rent 3 years 10 years 15 years 30 years
$500 |
$18,000 |
$60,000 |
$90,000 |
$180,000 |
$600 |
$21,000 |
$72,000 |
$108,000 |
$216,000 |
$700 |
$25,400 |
$84,000 |
$126,000 |
$252,000 |
$800 |
$28,800 |
$96,000 |
$144,000 |
$288,000 |
$900 |
$32,400 |
$108,000 |
$162,000 |
$324,000 |
$1000 |
$36,000 |
$120,000 |
$180,000 |
$360,000 |
$1250 |
$45,000 |
$150,000 |
$225,000 |
$450,000 |
$1500 |
$54,000 |
$180,000 |
$270,000 |
$540,000 |
For many home owners, the after-tax cost of a home loan could be less than the cost of rent. That's because the interest portion of each mortgage payment may be tax-deductible. In most cases, property taxes are also deductible. You should consult a tax advisor for details.
If you are thinking about buying a home, Bank of America can help. We have a range of financial options and affordable loan programs that can help qualified renters become homeowners.
Contact me today for more information.
1 The amount of the payment applied to principal and interest will vary according to each client's loan terms, including, but not limited to, rate, loan to value, and escrowed items.
THIS INFORMATION IS INTENDED FOR MORTGAGE, REAL ESTATE, AND/OR BUILDER PROFESSIONAL USE ONLY AND IS NOT AUTHORIZED FOR CONSUMER OR PUBLIC DISTRIBUTION. Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. AR73091
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Matt Helton Mortgage Loan Officer Direct line: (615) 400-6764 Ext.
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