# Home Ownership: Less Expensive than you think!

By
Real Estate Agent with Century 21 Prime Realty
 Home Ownership Is Less Expensive Than You Think! Rent or buy? Renting a home can be a great short term solution, but it's easy to get stuck in the 'Renters Rut'! Have you ever stopped to calculate how much money you have been spending to rent? Refer to the chart below to see how much of your money you have paid towards someone else's mortgage. MONTHLY RENT 1 YEAR 2 YEARS 3 YEARS 4 YEARS 5 YEARS 10 YEARS 15 YEARS \$   400.00 \$    4,800.00 \$    9,600.00 \$   14,400.00 \$   19,200.00 \$   24,000.00 \$   48,000.00 \$   72,000.00 \$   450.00 \$    5,400.00 \$   10,800.00 \$   16,200.00 \$   21,600.00 \$   27,000.00 \$   54,000.00 \$   81,000.00 \$   500.00 \$    6,000.00 \$   12,000.00 \$   18,000.00 \$   24,000.00 \$   30,000.00 \$   60,000.00 \$   90,000.00 \$   550.00 \$    6,600.00 \$   13,200.00 \$   19,800.00 \$   26,400.00 \$   33,000.00 \$   66,000.00 \$   99,000.00 \$   600.00 \$    7,200.00 \$   14,400.00 \$   21,600.00 \$   28,800.00 \$   36,000.00 \$   72,000.00 \$ 108,000.00 \$   650.00 \$    7,800.00 \$   15,600.00 \$   23,400.00 \$   31,200.00 \$   39,000.00 \$   78,000.00 \$ 117,000.00 \$   700.00 \$    8,400.00 \$   16,800.00 \$   25,200.00 \$   33,600.00 \$   42,000.00 \$   84,000.00 \$ 126,000.00 \$   750.00 \$    9,000.00 \$   18,000.00 \$   27,000.00 \$   36,000.00 \$   45,000.00 \$   90,000.00 \$ 135,000.00 \$   800.00 \$    9,600.00 \$   19,200.00 \$   28,800.00 \$   38,400.00 \$   48,000.00 \$   96,000.00 \$ 144,000.00 \$   850.00 \$   10,200.00 \$   20,400.00 \$   30,600.00 \$   40,800.00 \$   51,000.00 \$ 102,000.00 \$ 153,000.00 \$   900.00 \$   10,800.00 \$   21,600.00 \$   32,400.00 \$   43,200.00 \$   54,000.00 \$ 108,000.00 \$ 162,000.00 \$   950.00 \$   11,400.00 \$   22,800.00 \$   34,200.00 \$   45,600.00 \$   57,000.00 \$ 114,000.00 \$ 171,000.00 \$1,000.00 \$   12,000.00 \$   24,000.00 \$   36,000.00 \$   48,000.00 \$   60,000.00 \$ 120,000.00 \$ 180,000.00 \$1,050.00 \$   12,600.00 \$   25,200.00 \$   37,800.00 \$   50,400.00 \$   63,000.00 \$ 126,000.00 \$ 189,000.00 \$1,100.00 \$   13,200.00 \$   26,400.00 \$   39,600.00 \$   52,800.00 \$   66,000.00 \$ 132,000.00 \$ 198,000.00 \$1,150.00 \$   13,800.00 \$   27,600.00 \$   41,400.00 \$   55,200.00 \$   69,000.00 \$ 138,000.00 \$ 207,000.00 \$1,200.00 \$   14,400.00 \$   28,800.00 \$   43,200.00 \$   57,600.00 \$   72,000.00 \$ 144,000.00 \$ 216,000.00 \$1,250.00 \$   15,000.00 \$   30,000.00 \$   45,000.00 \$   60,000.00 \$   75,000.00 \$ 150,000.00 \$ 225,000.00 \$1,300.00 \$   15,600.00 \$   31,200.00 \$   46,800.00 \$   62,400.00 \$   78,000.00 \$ 156,000.00 \$ 234,000.00 \$1,350.00 \$   16,200.00 \$   32,400.00 \$   48,600.00 \$   64,800.00 \$   81,000.00 \$ 162,000.00 \$ 243,000.00 \$1,400.00 \$   16,800.00 \$   33,600.00 \$   50,400.00 \$   67,200.00 \$   84,000.00 \$ 168,000.00 \$ 252,000.00